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Types of Insurance for Ecommerce Businesses
Ecommerce businesses can benefit from various types of insurance policies tailored to their specific needs:
- General Liability Insurance: Protects against claims of bodily injury, property damage, and personal injury that could arise from your business operations.
- Product Liability Insurance: Essential for businesses selling physical products, this coverage protects against claims related to product defects and safety issues.
- Cyber Liability Insurance: With the increasing threat of cyberattacks, this insurance covers data breaches and cyber incidents, including legal fees and customer notification costs.
- Business Interruption Insurance: Compensates for lost income if your business operations are disrupted due to covered perils like natural disasters or significant cyber incidents.