First of all, simply say, this insurance is what do, may be in the country, insurance is not accepted by all, but in foreign countries, basically everyone has insurance, including life insurance, accidents, medical, property and other types of insurance, this time Amazon requires some sellers to buy insurance, in fact, he is not the first to ask to buy insurance platform, before other platforms have been asked to buy (walmart / best buy, etc.), the role of this insurance is, once a customer uses our products to cause personal economic problems, we will not be able to buy insurance, we will not be able to buy insurance.
The role of this insurance is, Once a customer uses our products, resulting in personal economic property damage, the insurance is in effect , then the next details, for example, I bought a light bulb, written service life of 1,500H, but I only used two days, the good bulb blew up, I was injured.
At this time, if you do not buy insurance, the customer used this product, unfortunately he was injured because of this product, he will not alarm, he will find a lawyer to complain, that this product problem led to his injuries, asking for compensation, and Amazon's urinary we all know, first seal listing, in the seal store is not negotiable, and then come to deal with the solution, because there is no insurance, the customer complaint is Amazon. Insurance, customer complaints are Amazon, Amazon has to step in to solve the problem, that is money, and Amazon for sellers can only be sanctioned by sealing the store, but often the cost of compensation is sky-high.
Then if I have insurance, although my store and listing will be the same as the phenomenon of freezing, but he found a lawyer to sue me, the insurance company in the review of sales information and sellers to confirm the product to intervene in the claim, analyze the product problem and the cause of the claim. Then insurance companies will decide whether to pay or not, but whether to pay or not after the end of the case, we can still continue to sell the product, and do not need to spend a lot of energy and do not need to spend some extra money, we have to do is wait for the results, wait for the response on the good , but want to continue to sell, I think we also have to accept the review of Amazon, which has not yet been received! This is not yet received information that someone has claimed, but things are resolved, the store back should not be too much of a problem.
Insurance Requirements
Section 9 of the Amazon Services Business Solutions Agreement states that if your gross sales revenue on Amazon.com for a month exceeds $10,000, or if we require otherwise, you must take out commercial liability insurance and renew it within 30 days.
Policy criteria
Can individual sellers enroll?
Individual sellers who are not registered with China's Bureau of Industry and Commerce are not eligible for insurance.
Are all products insurable?
The following products are not insurable: automobiles, new energy vehicles, electric vehicles, battery cars; batteries, rechargeable batteries, mobile power; satellites, airplanes, ships; blood products, human implants; fertilizers, pesticides; large-scale engineering machinery and equipment (e.g., cranes); tobacco, e-cigarettes; medicines and prescription drugs.
How are products insured categorized?
Category A: Products other than those listed in Categories B and C
Category B: Products for infants and children aged 0-3 years, healthcare products, tires and rubber products, valves, faucets, water pipes, plumbing, water heaters, water purifiers, vacuum cleaners, heaters, dehumidifiers, medical devices and equipment, facial steamers, safety helmets, seat belts, headlamps, automotive parts. Children's toys, bicycles, balance bikes, scooters, weed whackers, drones, trampolines, massage chairs, contact lenses, pet food, saunas, hoverboards, induction cookers, ovens/grills, pressure cookers/voltage cookers
Category C: Automobiles, new energy automobiles, electric vehicles, electric vehicles, batteries, rechargeable batteries, mobile power supplies, satellites/airplanes/ships, blood products, human implants, fertilizers, pesticides
What insurance companies are available:
USA:
Simply Business
Next Insurance
Bold Penguin
China:
Huatai Insurance
The People's Insurance Company of China (non-life insurance)
Ping An Insurance
Shi Shi Property & Casualty
Lastly, let's remind you that all insurance policies have deductibles. insurance is a deductible, buy remember to ask the insurance company's deductible is how much, and then the insurance is refundable, there will be a hesitation period, ask their own insurance company's surrender rules, surrender is to deduct money.
The last eight words of wisdom to everyone, be careful, like walking on thin ice, the safety of the account, personal feeling, is always in the first place.