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Business Insurance

E-commerce Insurance

Consumers love e-commerce businesses for the convenience of being able to shop at any time and from anywhere. Starting as low as $18.15/month, APOLLO Insurance is here to provide safe and reliable coverage for e-commerce businesses.

E-commerce businesses provide a convenient but high risk service to customers.

From technology to online marketplaces, regardless of the product or service you sell online, you must obtain insurance. From the moment you launch your platform, there will always be exposure to risk, and as the owner of an e-commerce business, the consequences will fall on you. Whether you’re facing a lawsuit, or an employee injures themselves on the job, you will be the person held liable regardless of who’s at fault. At APOLLO, we understand you’ll need adequate protection in the form of a customizable insurance plan that will provide you coverage in any situation.

If you have just launched your e-commerce business, then you may have limited funds. Still, you must invest inadequate protection against any potential risks you face for your business to grow. Without proper coverage, you could end up in a situation where you’re hit with a lawsuit and having to pay massive legal fees out of pocket, resulting in you and your business being unable to recover financially.

In times of crisis, possessing insurance is a vital component to ensuring your business will recover. No matter the situation, a strong insurance policy will secure your future and demonstrate to investors and customers that your platform is legitimate.

Why do e-commerce businesses need insurance?

Though an e-commerce business operates solely online, that doesn’t mean their business is risk-free. From the very beginning, the business must ensure it has adequate protection, or it may end up going bankrupt. Unlike a traditional brick-and-mortar business, online operations aren’t easy. There is an increased exposure to risks since they don’t run during regular business hours and are always open. That is why they must acquire insurance to be ready at any given moment.

To attract both customers and investors, e-commerce businesses must prove that they’re legitimate, and the best way to do so is by purchasing insurance. Doing this demonstrates their commitment to the product or service they’re selling while also providing investors with peace of mind knowing that their money is secured if a significant loss were to occur.

When launching an e-commerce business, there are several legal challenges that companies may face. From trademark infringements to breaches of contracts, lawsuits can be filed by customers, the competition, and even their own employees. However, no matter the trial outcome, they will always have to pay costly fees. Without proper coverage, the money they owe would have to be paid for out of pocket, which poses a financial threat to the future of their business.

What types of risks do I face running an e-commerce business?

As an e-commerce store, you aspire to have your business succeed, but without insurance, the risk of errors poses a significant threat. If a client ever felt unsatisfied with the product or service they purchase, they may feel obligated to file a lawsuit against you. In this situation, you’ll be required to pay various kinds of legal fees, and if left in debt, this could end up jeopardizing your dreams.

If your e-commerce business owns or leases space for an office, you and your employees could be at risk. Whether an employee slips and falls or loses their laptop on the premises, you may be liable regardless of fault. To avoid incurring any additional legal or medical expenses, your business must obtain a general liability policy to absorb these costs.

Though unlikely, if a fire or theft were to occur, then your e-commerce business could face severe consequences. Peril, or unexpected, events tend to cause significant damage or losses to a business. Without coverage, you’ll have to pay out of pocket for any kind of replacements or repairs needed for your business to begin operating again.