Hi guys, can you recommend a good product liability insurance broker in Australia? I sell in US but I’m based in Australia. Thank you in advance!
Sorry for jumping on your thread, but I can’t find any Terms of Service or any information about the obligatory if sellers do need to have the Product Liability Insurance, except the email we all received. Can anyone point out where I can find information on it?
Moderator Edit (James_Amazon): External URL Removed
You are looking for the Amazon Services Business Solutions Agreement https://sellercentral.amazon.com/gp/help/help.html?itemID=G1791&language=en_US
Please note that the $10k for three consecutive months will change to one month at $10k starting Sept 1.
appreciate for this link, but it is the same as email we all received. Maybe you have some other source of information, an example in Amazon TOS, or anywhere else then email that can prove this is actually happening?
Please see these topic-threads:
Appreciate the link, that is what I been looking for. Nonetheless upon reading I don’t see any numbers of 10k or anything like that. And that paragraph is written in legal language that probably majority of business owners are not capable of comprehending, including me.
" 9. Insurance.
If the gross proceeds from Your Transactions exceed the applicable Insurance Threshold during each month over any period of three (3) consecutive months, or otherwise if requested by us, then within thirty (30) days thereafter, you will maintain at your expense throughout the remainder of the Term for each applicable Elected Country commercial general, umbrella or excess liability insurance with the Insurance Limits per occurrence and in aggregate covering liabilities caused by or occurring in conjunction with the operation of your business, including products, products/completed operations and bodily injury, with policy(ies) naming Amazon and its assignees as additional insureds. At our request, you will provide to us certificates of insurance for the coverage to the following address: c/o Amazon, P.O. Box 81226, Seattle, WA 98108-1226, Attention: Risk Management."
what is applicable Insurance Threshold? and where are the words that a seller is required to have a product liability insurance?
Isn’t this paragraph saying that if we are not having insurance we are liable to cover all cost?
Would appreciate if any person will legal knowledge could translate this to normal language, please
Sorry, Amazon posted it as news. The “tos” is at that link. If you are concerned, you can wait a few days and read then new language.
I guess one could argue that you would need a month after Sept 1 to hit the new requirement.
Sorry, the threshold is define higher in the document under definitions.
"Insurance Limits" means the applicable one of the following:
- One Million Canadian Dollars ($1,000,000) (if the Elected Country is Canada),
- Ten Million Mexican Pesos ($10,000,000) (if the Elected Country is Mexico),
- One Million U.S. Dollars ($1,000,000) (if the Elected Country is the United States).
"Insurance Threshold" means the applicable one of the following:
- Ten Thousand Canadian Dollars ($10,000) (if the Elected Country is Canada),
- One Hundred Thousand Mexican Pesos ($100,000) (if the Elected Country is Mexico),
- Ten Thousand U.S. Dollars ($10,000) (if the Elected Country is the United States).
"Intellectual Property Right" means any patent, copyright, Trademark, domain name, moral right, trade secret right, or any other intellectual property right arising under any Laws and all ancillary and related rights, including all rights of registration and renewal and causes of action for violation, misappropriation or infringement of any of the foregoing.
Appreciate a lot of the better explanation of this thread!
Thanks for the link to the that forum thread where we can post questions!
Hi again, any AU sellers who sell in US, how much are you paying for your Insurance cover? And from which broker/insurer? My broker got a quote but it’s high in my opinion plus their broker fee of over 26% of the premium that I have to pay every year for them literally doing nothing. Also, considering my products are of low risks.
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