Why Do You Need Online Retailer Insurance in London?

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If you sell e-commerce products using the internet, you will need an online retailer insurance policy to safeguard yourself and your goods. Even if you work from home, it doesn’t guarantee you’re covered by your homeowner’s insurance policy. Make sure you’ve thought of everything in case the worst happens.

  • Protect your stock to avoid losing money
  • Make sure you’re covered so you don’t end up paying unneeded legal bills
  • You’ll have peace of mind so you can focus on your business


What is Covered by Online Retailer Insurance?

What you require is covered by e-commerce insurance. Make sure you’re covered in case your inventory is harmed or if a consumer files a lawsuit against you. Choose the coverage that best fits your company’s needs and rest easy knowing you’re covered.

Product liability insurance

For internet retailers, public and product liability insurance is required. In the event that a product you offer accidentally injures or damages someone or something, your product liability insurance policy covers it.

Employer’s liability insurance

This is for employers in the event that one of your employees becomes ill or injured while working for you. In the event that your business is disrupted, you will need business interruption insurance. It also covers you in case something is stolen or damaged, and you are unable to earn a living.

Stock Insurance

In the event that something goes wrong with your purchases, your contents insurance takes care of it. It doesn’t matter whether the product is in transit or in the store. The cost of replacing your stock is taken care of by your stock insurance policy.


Cyber liability insurance

Cyber liability insurance is very important when you have a business that requires your customers’ data. If you use the internet to conduct your business, data liability is something you need to pay attention to. Every online retailer business faces the risk of being hacked, and as such, you need to be fully protected.

The best risk management plan anyone can adopt is to get an affordable cyber liability insurance cover for your online retailer business. When you purchase the cyber liability insurance policy for your e-commerce business from a reliable insurer, they will help you recover financially, recover your data and reputation, and even do everything to avoid future occurrences.

Personal Accident Cover

Personal accident cover for online retailer insurance

Once you’ve completed your quote, you can choose Personal Accident Cover as an add-on. The importance of having personal accident insurance cover can’t be overemphasized. To run your e-commerce business without fear of losing the trust of your employees, you may need to provide personal accident cover.

The essence of having personal accident cover is to provide payment if anyone between the age of 16-75 in your business is unable to work because they’ve been injured in an accident. It doesn’t matter whether the accident occurred within a business or personal capacity.

How much can an online business owner be paid in compensation for having personal accident insurance cover in their business insurance policy? Most insurers in the United Kingdom will pay a lump sum of £50,000 if there is an accidental death, accidental loss of limbs or sight, or if someone in your business becomes permanently disabled following an accident.

However, if any of your employees in your online retail business is unable to work due to a temporary injury, then after 7 days, their normal net weekly earnings will be paid up to £500 for up to 104 weeks. This is an untapped e-commerce business insurance option for retailers that you can get today.

How much is the online retailer insurance cost

How Much Does Online Retailer Insurance Cost?

How much does insurance cost for an online business? For as low as £127.61, you can get your business insurance coverage from any UK insurer. The price is not definite as every online store is unique, therefore, it might require various degrees of coverage.

The most reliable way to know what your online business insurance premium will be is to get a quote online. This is because there are a couple of potential risks that will be checked before the final decision is made.

Editorial Team
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