Insurance for eBay Sellers

General liability insurance covers claims of bodily injury, property damage, and personal/advertising injury related to your business activities. For eBay sellers, this might come into play if, for instance, someone gets injured using a product you sold or if you inadvertently use someone else’s copyrighted image in your product listing. Having this insurance ensures you’re protected from the financial implications of such claims.

Cyber liability insurance protects against data breaches and other cyber threats. eBay sellers manage a lot of sensitive customer data, from addresses to payment information. If a seller’s account gets hacked or there’s a data breach, cyber liability insurance can cover the costs associated with notification, legal actions, and public relations efforts.

Workers’ compensation insurance provides medical and wage benefits to employees who get injured or become ill due to their job. If you’ve grown your eBay store to the point of hiring help—whether for packing, listing, or other tasks—workers’ compensation can protect you from the financial implications of workplace accidents or illnesses.

EPL insurance covers against claims arising from employment-related issues, such as wrongful termination, discrimination, or harassment. For eBay sellers with employees, this coverage ensures that you’re financially protected from potential lawsuits that can arise from disagreements or issues in the workplace.

Product liability insurance protects businesses from claims arising from products they’ve sold that cause harm or injury. As an eBay seller, if a product you sold malfunctions and injures someone or damages their property, this coverage can handle the associated costs and legal defense.

Property insurance covers the physical assets essential to your business, such as inventory, equipment, and even home-based office space. For eBay sellers, this can be crucial. Imagine a scenario where a fire or theft results in the loss of your entire stock; property insurance can help recoup those losses and get your business back on its feet.

Transit and transportation insurance protects goods that are in transit. Given that eBay selling involves shipping products to customers regularly, there’s always a risk of items getting damaged, lost, or stolen in transit. This insurance ensures that you can refund or replace items without absorbing the entire cost yourself.