Commercial insurance is basic for eCommerce businesses. Starting a business has never been easier. Now you don’t even need to have a warehouse. One looks for the merchandise, locates it, and puts it up for sale on one of the many platforms that exist for selling products. When the customer clicks, an order is generated, and voíla! money for the account.
Although everything is apparently easier because there is no need for employees, no physical store and sometimes no warehouse, in any case, there is civil liability for the activity that is practiced. That is, the product or service in question may cause harm to the customer, their financial data may be compromised, or the reputation of the business itself, the most valuable thing for online businesses, may be damaged.
To counteract all these risks, there is commercial insurance for internet businesses. Many insurers offer an insurance package that protects businesses from civil liability, including protection for personal injury claims, and medical bills for clients affected by physical damages that they may suffer due to the business.
If you operate with employees, they will offer you workers’ compensation insurance.
There are very specific coverages for this type of business such as professional liability, which cover the errors or omissions that you may commit in your work, whether it is a consultancy or the sale of a product. For example, if you happen to miss an important date for your client, if you are negligent, if you mistakenly violate your client\’s privacy, or commit a copyright violation.
The package must include cyber responsibility. If your business is hacked and sensitive customer documentation or data is extracted, your insurer will help remedy the problem and protect you against potential lawsuits. As we mentioned before, there is nothing more important to online business than reputation. If you start to suffer damage to your reputation due to the above mistakes, the insurer will help you develop a strategy so that you can recover your reputation.
In short, do not think that developing an online business is free from liability claims. At Univista Insurance you will find the cheapest commercial insurance in Florida and tailored to your business. Commercial insurance is basic for eCommerce businesses.
Call us today for a full qualification! 305-728-2088. You can also quote for free here.
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