Americas

Marsh collaborates with Amazon to support new online insurance network for sellers

Image

New York, August 10, 2021 –  Marsh, the world’s leading insurance broker and risk advisor, today announced it has collaborated with Amazon to support its new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can easily purchase affordable product liability coverage.

Amazon now requires third-party sellers to obtain product liability coverage after reaching $10,000 in sales in one month rather than three months on Amazon. To help sellers more easily and affordably secure this insurance, Marsh curated a panel of leading insurers of small commercial business and secured digital insurance distribution providers to help create Amazon Insurance Accelerator.

US-based sellers now can obtain quotes and purchase a policy that meets their needs and Amazon’s requirements from one of the current participating insurers: Chubb, Harborway Insurance underwritten by Spinnaker Insurance Company, Hiscox, Liberty Mutual Insurance, Markel, and Travelers. The policies are made available digitally by Bold Penguin and Simply Business, Inc.

“Product liability insurance allows Amazon sellers to focus on scaling their businesses, knowing they are protected should one of their products accidentally cause bodily harm or property damage. However, finding the right insurance policy at the right price — especially for new business start-ups — can be a daunting task,” said Anita Sathe, US Affinity Leader, Marsh. “Amazon Insurance Accelerator makes it easy for sellers to obtain competitive quotes from reputable insurers that will stand behind their business and give them peace of mind.”

Trending 1
Share this Post:
Posted by IRL Staff

Advertisement

ad ad

Related articles

Aleksander Soriano Promoted to Account Manager at RT Specialty

Hamilton, New Jersey (September 22, 2021) – Aleksander Soriano has been promoted to account manager within the Environmental and Construction Professional (ECP) Practice of RT Specialty. Since...

Sasria registers over 95% of claims, as more pay-outs are made

Photo credit: Shutterstock/Gareth_Bargate JOHANNESBURG – Tuesday, 24 August 2021: Following last month’s unfortunate unrests in Gauteng and KwaZulu-Natal, the Sasria SOC Ltd (Sasria) has registered...

Risk Management lessons from Surfside for Commercial Real Estate Owners

The following is sourced from Arthur J. Gallagher and written by Caley LaRue, Senior Vice President. Office: Chicago, IL (312) 803-6294 What lessons can we learn and apply to...

Arthur J. Gallagher & Co. Acquires Files Agribusiness, LLC

ROLLING MEADOWS, Ill., Sept. 21, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Bastrop, La.-based Files Agribusiness, LLC. Terms of the transaction were...

New Campaign Takes on Breed Restrictions Used to Deny Housing Insurance

August 23, 2021 - Animal Farm Foundation (AFF) announced the launch of the Dogs, People, and Housing Insurance Project to end exclusionary dog breed restrictions in the housing insurance industry. These...

Survey of Middle Market Companies Reveals Increasing Importance of Risk Management

Seventy-nine percent of middle market companies indicate that risk management is "extremely" or "very" important to their businesses WHITEHOUSE STATION, N.J., Sept. 21, 2021 /PRNewswire/ --...