• Amazon’s contractual liability insurance offered by Leader Team Broker is a complex product that meets all the requirements of the American retailer.

• The Amazon policy from Leader Team Broker has coverage anywhere in the world, so customers are protected no matter where they trade on Amazon.

• Leader Insurance Broker Team distributes the Amazon policy internationally, with most requests coming from the Nordic and Baltic countries.

Bucharest, 08 April 2024. Leader Team Broker, a key player on the niche insurance market in Europe, estimates that the share of Amazon’s contractual liability insurance in the total business will double this year, thus consolidating its position as the main distributor of this policy on the European market, a position that has been maintained since the launch of the product, in 2021. The Romanian brokerage company was the first to introduce Amazon insurance on the local market and among the first in Europe, offering a complex and complete product, in accordance with the requirements of the American retailer.

Manufacturer’s liability insurance against Amazon – Amazon Seller (FBA) Insurance is a policy specially designed for companies that sell products through the well-known retail platform, a product that Leader Team Broker launched in September 2021, to cover the contractual obligation introduced by the online retail giant in the commercial relationship with sellers who obtain over 10,000 dollars from sales through the online network. More than half of the merchandise traded on Amazon is sold by third parties, without the online retailer being able to verify it. In this context, Amazon introduced this policy, to cover possible damages caused to the buyers of the goods sold through the platform.

“We were the first to design and launch this policy, when Amazon introduced the manufacturer’s liability insurance obligation, and we offer a complex product, including an insurance certificate, that meets all the requirements of the American retailer. Our policies are available for companies from both Europe and America, and, in certain countries, customers who contact us have the opportunity to choose from the offers of two insurers accepted by Amazon. For example, for the American market, we have a partnership with the largest insurance group in the USA on e-commerce and we can offer Amazon insurance to companies across the Ocean through these partners. The Amazon policy is one of our best-selling products in Europe and, as more and more sellers join the Amazon network and interest in this insurance grows, we expect that, this year, the share of Amazon insurance in our business will increase double”, said Alexandra Elena Durbaca, CEO Leader Team Insurance Broker.

Leader Team Insurance Broker sells the Amazon policy internationally, and most requests come from the Nordic and Baltic countries, such as Iceland, Finland, Norway, Sweden, Estonia, Latvia and Lithuania.

Amazon contractual liability insurance can be obtained quickly, with a simple phone call to the Leader Team Broker consultants, who can provide a price quote within a maximum of 48 hours, and the insurance contract can be signed in a very short time, of 2- 3 days. The policy has coverage anywhere in the world, including the USA and Canada, so customers are protected no matter where in the world they trade on Amazon.

The insurance sold by Leader Team Broker has an A+ rating granted by S&P and AM Best (condition imposed by Amazon) and covers damages of up to 1 million dollars, caused to buyers of products sold on Amazon.

About Leader Team Insurance Broker

Leader Team Insurance Broker is an insurance brokerage company with a European presence and over 18 years of experience in risk management and insurance. The company is recognized as one of the most innovative insurance brokerage players with unique products for liability, health, cyber security, products for the IT industry, naval industry, aviation, energy, marketing and HR.

In 2021, Leader Team Broker received in UK-London, the distinction of “Insurance Broker of the Year”, within the Corporate LiveWire awards, for the degree of creativity and innovation of insurance products, designed for the new industries under development and which covers the new challenges of the business environment. The jury appreciated the way in which Leader Team Broker breaks patterns and comes up with creative products, for industries in full expansion and for the most diverse risks.

In 2020, the company’s performance was rewarded by the publication Piata Financiara with the title “Insurance Broker of the Year” and by Financial Intelligence with the distinction “Cybersecurity Insurance of the Year 2020”.

The London publication “Treat Technologies” dedicated to cyber security news included Leader Team Broker in the top 20 companies worldwide that offer the best solutions and insurance products in “cyber insurance”. In 2017, the company received the “Most Creative Insurance Broker in Romania” award, offered by Media XPrimm, and in 2019, it received the “Innovation and Digitalization” award, being the only brokerage company that used RPA technology for repetitive financial operations . The company was awarded in 2020 by the publication Piata Financiara, at the e-finance Gala, with the “e-Risk” award for the best product intended to prevent and cover the risk of cyber attacks.

Leader Team is the only insurance brokerage company that developed the iDoctor concept, an integrated program of national and international medical services, based on a personalized insurance program.

Details on https://leaderteam.ro/en/
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