E-Commerce Insurance in Alaska – AK

If you conduct an e-commerce business, you invest in e-commerce insurance in Alaska. e-commerce businesses are increasingly popular these days, and account for approximately 3.53 trillion US dollars.

Need eCommerce Insurance?
Get Your Free Quote

Similar to operating any type of business, big or small, you shield your e-commerce business from failure, which is why you should buy e-commerce business insurance.

E-Commerce Insurance in Alaska

Reasons Why Your Online Business Needs Insurance in Alaska

There are several reasons why your e-commerce business needs insurance including:

Data Breach and Data Security

Online businesses are more inclined to a data breach, which happens when customer information is compromised.

Even if you’re just opening an e-commerce business, you’re probably going to store personal customer information.

And it is not the number of information you collect, losing even one entry could result in big damages for your company.

A data breach is not prone to your customers but could happen to your employees as well.

Small Business General Liability Protection:
>> Get Your Free Quote

Let’s take a leading company as an example, the organization leaked employee Social Security numbers in 2014.

This breach affected customer trust, which affected the company’s brand reputation and loyalty.

If your e-commerce business is not shielded by the latest online security measures, it will create expensive lawsuits. These lawsuits can cause damage to reputation-wise, and monetarily.

You will probably not have the funds to settle these lawsuits, which is why you require eCommerce business insurance.

DDoS Attacks

Have you seen a rise in traffic to your website? Normally, a boost in traffic is a good thing, but unexpected traffic could be a reason for concern.

Distributed Denial of Service, short for DDoS attacks are inevitable to e-commerce businesses, because they conduct a business online, and are very cheap to execute.

DDoS attacks can cause a big loss in revenue and have costly effects on your e-commerce business.

Get Your Business Insurance:
>> Get Your Free Quote

To prevent losses from DDoS attacks, you require e-commerce cyber attack insurance.

Cyberattack insurance is a significantly new type of insurance, but that is catching up quickly and for several great reasons.

However, getting the right cyberattack insurance could be a bit overwhelming, because there are many different types to choose from.

Crisis management is the most prevalent type of cyber attack insurance and shields your eCommerce business from losses resulting from DDoS attacks.

Get Your Business Insurance:
For Your Free Quote, Try NOW!

Product Liability Issues

Even you only sell digital stuff, it can break down your consumers. Some good examples of product malfunction are major companies.

Due to product failure, these companies forked out millions of dollars in lawsuits, which was covered with some type of e-commerce insurance.

You may think your stuff is extremely safe, but have no knowledge about the damage it can cause to others. Here you can find more information about e-commerce companies in Alaska.


The cost of fraud for e-commerce businesses is higher today than it used to be a few years ago. There are several types of e-commerce fraud including card testing fraud, friendly fraud, account takeover fraud, and much more.

If you operate an e-commerce store, you not only should protect your customers from fraud, but you also must protect your business from getting scammed.

Preventing fraud is tough, given that most times you have no control over how and when it takes place.

When looking for the best e-commerce insurance in Alaska, it is important to select a company that gives protection against fraud.

Different Types of e-commerce Insurance Coverage in Alaska

When commissioning the best e-commerce insurance company in Alaska, you first have to choose the type of coverage you want to protect your business from damage.

There are several different types of e-commerce insurance policies to choose from, most commonly:

General Liability Insurance

The is notably the common type of eCommerce insurance coverage available for your e-commerce insurance company in Alaska.

Whether you run your online business from your house or commercial space, you have to get general liability insurance, and here’s why!

With regards to injury, like an e-commerce business owner, it is a good idea to check out e-commerce life insurance plans to shield your family.

General liability insurance safeguards your eCommerce business from third-party bodily injury and property damage claims.

So, if anyone visits your office, and suffers an injury, then the legal obligations, and potential costs will be paid for by your e-commerce insurance company in Alaska.

It is a good idea not to mistake e-commerce general liability insurance with your homeowners’ insurance terms.

While a few homeowners’ insurance policies may cover your home’s physical items, it will not cover you from any fraud costs pertaining to your e-commerce business.

This is why you need a separate e-commerce insurance policy.

Commercial Crimes Insurance

Commercial crimes insurance may be a bit confusing, but to tell you briefly protects your e-commerce business from scams notably from crimes committed by your staff or third parties.

These crimes can include robberies, fraudulent transactions, and embezzlement involving your e-commerce business.

Technology Errors & Omissions Insurance

Another kind of e-commerce insurance to safeguard your business insurance is technology errors and omissions insurance.

This kind of insurance brings together several different kinds of insurances including product liability and cyber insurance.

When you buy technology errors and omissions insurance, you shield your e-commerce business from product failure that causes threats to your customer.

How to Choose an E-Commerce Insurance Company in AK?

There are myriad factors to take into account when selecting the best e-commerce insurance company in Alaska.

Company Reputation

The e-commerce insurance company you choose should have a stellar reputation.

When you’re selecting the best e-commerce insurance company in Alaska, you need to stay away from a cheap e-commerce insurance company in Alaska, because these will not offer the right coverage you need.

It is also very necessary to prioritize the coverage over the premiums as this may amount to big financial damage.

Read Your e-commerce Business Insurance Policy

When you do opt for an e-commerce business insurance policy, it is critical that you peruse the policy including the fine print for any errors.

If you don’t understand any terms in the policy, then it’s wise to seek clarification from your insurance broker before accepting the policy. If you fail to do this, then you may have trouble when you file a claim.

Consider the Deductible

Most e-commerce business insurance companies in AK may ask for a deductible. This is an amount you will have to provide in the event you file a claim.

A high deductible may not be cost-efficient for your business, hence it is a wise idea to try and speak with your insurance provider about lowering the deductible.

Final Thoughts

Investing in the best eCommerce insurance policy is a smart choice for your online business. There are plenty of insurance providers to select when checking for the best insurance provider including cost, reputation, and coverage amount.

Enable registration in settings - general