Looking for Amazon Seller Insurance for Europe or US?

Click here: https://leaderteam.ro/en/product-liability-insurance-for-amazon-sellers/

Good price, simple and fast: Leader Team consultants work with questionnaires that are very easy to complete and can get a price quote in just 48 hours

If you’re selling products on Amazon Europe, it’s likely you’ll be required to arrange appropriate online retail insurance to protect your business and your customers. Leader Team Broker is an Amazon insurance specialist, and we can help you arrange the appropriate business insurance to meet your contractual requirements.

To sell on Amazon, you must obtain and maintain a valid commercial liability insurance policy once the gross proceeds from your transactions exceed the applicable insurance threshold in sales in any month.

1. Amazon Europe requires sellers to have the following limits for the policy:

• Five Hundred Thousand Euros (€500,000) (if the Amazon Site is the DE Amazon Site, the

FR Amazon Site, the IT Amazon Site, the ES Amazon Site, the BE Amazon Site or the NL Amazon Site),

• Four Hundred Thousand British Pounds (£400,000) (if the Amazon Site is the UK Amazon

Site).

• Five Million Swedish Krona (kr 5,000,000) (if the Amazon Site is the SE Amazon Site).
• Two Million Two Hundred Fifty Thousand Polish Złoty (PLN 2,250,000) (if the Amazon Site is the PL Amazon Site).
  

2. “Insurance Threshold” means the applicable one of the following:

• Ten Thousand Euros ($10,000) in gross proceeds in sales in one month on Amazon.com (US and Canada)
• Five Thousand Euros (€5,000) (if the Amazon Site is the DE Amazon Site, the FR Amazon Site, the IT Amazon Site, the ES Amazon Site, the BE Amazon Sitor the NL Amazon Site),
• Four Thousand British Pounds (£4,000) (if the Amazon Site is the UK Amazon Site),
• Fifty Thousand Swedish Krona (kr 50,000) (if the Amazon Site is the SE Amazon Site),
• Twenty-Two Thousand Five Hundred Polish Złoty (PLN 22,500) (if the Amazon Site is the PL Amazon Site).

3. I am an international seller selling in Europe. How can I obtain insurance?
   

Contact Leader Team Broker if you are a company estabilished in Europe. We know exacly what kind of insurance you need.  Leader Team Broker has been offering this insurance to Amazon sellers established in 24 countries across Europe since 2021. In over three years, we have issued thousands of insurance policies, all of which were accepted by Amazon. Leader Team Broker will know exactly what type of coverage you need as an Amazon seller. Read here reviews from other clients and Amazon sellers:  https://g.page/r/CUhc4CWWkm-REBM/review

4. Insurance policy criteria for Amazon Europe

Insurance policy must at least have the “Insurance Limits” as provided in the Amazon Services Europe Business Solutions Agreement.

• The deductible for any policies must not be greater than €10,000/£10,000. Any deductible amount must be listed on your Certificate of Insurance.
• The policy must cover all sales from products you have listed on Amazon.
• The policy must name Amazon and its assignees as additional insureds, and cover liabilities caused by or occurring in conjunction with the operation of your business in connection with the applicable Amazon Site.
• Your insured name must match the “legal entity” name you provided to Amazon in your Account Info.
• Your insurance provider must have global claim handling capability and a financial rating of S&P A- or AM Best A- (or better). If S&P or AM Best is not valid or used in the country where you are required to obtain insurance, a local equivalent is allowed.
• The policy must be completed in its entirety and signed.
• Your insurance provider must give Amazon at least 30 days’ notice of cancellation, modification, or nonrenewal.

5. What type of Amazon seller insurance you need for Europe

The insurance policy type can be either commercial general, umbrella, or excess liability and be occurrence based, except for certain product categories that are outlined in the Commercial Liability Insurance Policy frequently asked questions.

The policy limit must be at least the stipulated amount per occurrence and in aggregate, and cover liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury.

6. The average cost is typically around $350-$2.000 per year.

Here are some factors insurance providers consider:

Your product: The type of product you sell has a significant impact on your insurance costs. Insurance providers assess the ‘riskiness’ of your product. Selling a high-risk product? Expect a higher premium.

Territory: The price depends in the contries you sell your product. If you sell in US the premium will he higher. In case you sell just in Europe the price can be smaller.

Revenue: As your business scales and you increase your annual revenue, your premiums will typically increase.

7. Do I need to upload proof of insurance to Amazon?

Yes, once you obtain insurance, you must upload your Certificate of Insurance to Seller Central. You can request the Certificate of Insurance from your insurance broker.

For additional information please contact us:

• Alexandra Elena Durbaca
• International Insurance Specialist
• contact@leaderteam.ro
• WhatsApp: +40733502402