liability insuarnce re-evaluation
Anyone know how to request liability insurance re-evaluation? i believe my sales have dropped below the monthly minimum to be required to carry amazon liability insurance. Not asking IF I should have it, I'm asking if Amazon required coverage amount can be re-evaluated based on my current business trend. Thanks!
liability insuarnce re-evaluation
Anyone know how to request liability insurance re-evaluation? i believe my sales have dropped below the monthly minimum to be required to carry amazon liability insurance. Not asking IF I should have it, I'm asking if Amazon required coverage amount can be re-evaluated based on my current business trend. Thanks!
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Seller_JEZM0XKCFBgyp
I think the only way you're going to get an answer to this is to let it run out and see if Amazon forces you to get it again.
I'm in the same situation as you. In fact, mine is worse because I only met that minimum once in 15 years of selling.
Cooper_Amazon
Good Morning @Seller_5g6mjTozTx6eL, @Seller_JEZM0XKCFBgyp & @Seller_C5HtTrwsssevw, I wanted to stop by and provide some resources to help possibly answer some of the questions you are having around Commercial Liability Insurance Policy.
Here is the link for the Seller Central Help Page around CLI. I wanted to point out this specific section:
Commercial liability insurance will protect you from incidents resulting from the products you sell, and give you peace of mind while you focus on growing your business. Under section 9 of the Amazon Services Business Solutions Agreement, you must obtain and maintain commercial liability insurance within 30 days after exceeding USD 10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.
I also found these FAQs through the Business Insurance page.
How do I renew my commercial liability insurance policy?
Most insurers will contact you proactively to renew your policy. If you have not heard from your insurer, you can always check the status of your policy with your insurer directly, as some insurers may renew the policy automatically.
If your insurer did not renew your policy or if you would like to explore alternative insurance options, you can work with any insurer of your choice to obtain a new policy that meets our requirements. To help you easily and affordably secure commercial liability insurance, we have worked with Marsh, an international insurance broker, to create the Amazon Insurance Accelerator, a network of insurance providers who will evaluate and, if appropriate, offer liability insurance at competitive rates to qualifying sellers. Whether you are renewing your current policy or securing a new insurance policy, make sure to submit your latest Certificate of Insurance (COI) on the Business Insurance verification page on Seller Central.
I hope the information above helps answer your questions around Amazon's Commercial Liability Insurance Policy. Please let us know if we can help with anything else. Have a wonderful rest of the week. Cheers, Cooper_Amazon
Seller_hWPmB13tazv84
My sales at have dropped drastically since I’ve first been required to have insurance. I’ve read the Help page for Commercial Liability Insurance Policy that Amazon will consider exceptions to these requirements on a case-by-case basis. Due to the low number of sales over the past couple years, I’m trying to cut expenses; requesting through Amazon Seller Support if, please, would they lift the requirement for me to maintain insurance? Or, if this request should be submitted in another way, could they guide me to the correct process? Their reply did not answer my question so I asked again—three times with slight variations to clarify my question of how will I know if it is okay to drop insurance? Each reply evaded the actual question and looked much like @Cooper_Amazon ’s reply. If our questions can be properly addressed I would be so grateful.
