According to Amazon’s website, “under section 9 of the Amazon Services Business Solutions Agreement, you are required to obtain and maintain commercial liability insurance within 30 days after exceeding $10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.”
You may purchase either commercial general, excess, or umbrella liability insurance. When you decide on an insurance, your policy should cover all products you list for sale on Amazon.
Your commercial liability insurance policy must meet all of the following criteria:
Amazon may ask you to provide a certificate of insurance (COI) within 30 days of exceeding $10,000 in gross proceeds in sales on Amazon.com, or if otherwise requested by us. The insurance company issues a Certificate of Insurance once you purchase a policy. This document details the property and persons covered, the amount of coverage, and any exclusions or deductibles. This document can be in .pdf, .doc, or .docx format. If needed, we may request additional documents such as a complete copy of your insurance policy, policy purchase invoice or an exclusion endorsement document. We ask that you review your certificates of insurance and ensure the policies are up-to-date and readily available.
If you are looking for a new policy, choose Blue Paddle Insurance Agency LLC to get a policy that meets Amazon’s requirements above.
The cost of insurance varies depending on a list of factors, for example, the type of products you sell, the expected sales volume, and the insurance company you choose. Policies start as low as $200 per year