Amazon requires all third-party sellers to obtain product liability insurance after reaching $10,000 in sales in one month via Amazon’s US marketplace. Not only is this insurance a standard requirement, but it is also an important safety net for every Amazon seller, regardless of monthly sales.
Product liability insurance protects your business by helping to cover the cost of claims and legal fees if a customer states a product you sold on Amazon’s website is defective and caused bodily harm or property damage to someone else’s belongings. Knowing that you are adequately insured and that your small business is well-poised to handle unexpected legal fees and expenses is essential.
To help sellers more quickly and affordably secure product liability insurance, Marsh and Amazon curated a panel of leading insurers of small commercial businesses and secured digital insurance distribution providers to help create the Amazon Insurance Accelerator. Here are a few advantages of obtaining coverage through this network.
*Policy coverage and terms may vary.