Amazon reminds sellers of the requirements for business liability insurance in the EU and UK. From a monthly gross revenue of 5,000 EUR (EU) or 4,000 GBP (UK), sellers must provide valid proof of business liability insurance or detailed information about the manufacturer. If no proof is provided, sellers can be held personally liable in the event of a claim.
What do sellers need to consider?
Check insurance coverage: Companies should immediately review their policies and expand them if necessary. Only valid business liability insurance protects you from high compensation claims in the event of an incident. Act proactively to avoid liability risks and loss of benefits.
Prepare manufacturer information: Sellers reselling products must keep manufacturer data complete and accurate. In the event of a claim, this shortens the review time and prevents delays with Amazon. Ensure clear documentation and quick retrieval.
Develop a long-term risk strategy: Insurance costs should be considered a fixed part of your calculation. Integrate them into margin and pricing strategies to remain competitive. A well-thought-out risk strategy provides sustainable protection for your business.
Here you can find all the details
