E-Commerce Insurance in Indiana – IN

If you operate an e-commerce business, you need e-commerce insurance in Indiana. e-commerce businesses are increasingly popular these days, and account for in excess of 3.53 trillion US dollars.

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

E-Commerce Insurance in Indiana

Reasons Why Your Online Business Needs Insurance in Indiana

There are many reasons why your e-commerce business should have insurance including:

Data Breach and Data Security

Online businesses are prone to a data breach, which happens when customer information is stolen.

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

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

A data breach is not restricted to your customers but can happen to your employees as well.

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

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

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

You will probably not have the money 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, an increase in traffic is a good thing, but unexpected traffic could be a reason for concern.

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

DDoS attacks can amount to a big loss in revenue and have long-term effects on your e-commerce business.

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

Cyberattack insurance is a relatively new type of insurance, but that is on the rise quickly and for several excellent reasons.

However, getting the correct cyber attack insurance can be a bit confusing, because there are a lot of different types to choose from.

Crisis management is the most common type of cyber attack insurance, and covers your ecommerce business from damages resulting from DDoS attacks.

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Product Liability Issues

Even you only sell digital goods, it can cause damage to your consumers. Some good examples of product malfunction are leading companies.

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

You may think your products are extremely safe, but have no knowledge about the damage they can cause to others. Here you can find more information about e-commerce companies in Indiana.


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

If you have an e-commerce store, you not only should protect your customers from fraud, but you also have to protect your business from getting ripped off.

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

When searching for the best e-commerce insurance in Indiana, it is important to choose a company that offers protection against fraud.

Different Types of e-commerce Insurance Coverage in Indiana

When selecting the best e-commerce insurance company in Indiana, you first have to opt for the type of coverage you desire to protect your business from damage.

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

General Liability Insurance

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

Whether you pursue 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 protect your family.

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

So, if anyone appears at your office, and suffers an injury, then the legal obligations, and potential fines will be paid for by your e-commerce insurance company in Indiana.

It is wise not to confuse e-commerce general liability insurance with your homeowners’ insurance policy.

While a few homeowners’ insurance contracts may cover your residence physical items, it will not protect you from any fraud costs relevant to your e-commerce business.

This is why you need a new 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 generally from crimes committed by your employees or third parties.

These crimes can include robberies, fraudulent transactions, and embezzlement pertaining to 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 type of insurance combines several different kinds of insurances including product liability and cyber insurance.

When you select technology errors and omissions insurance, you protect your e-commerce business from product failure that causes injury to your customer.

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

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

Company Reputation

The e-commerce insurance company you find should have a superior reputation.

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

It is also very important to prioritize the coverage over the fees as this may -cause big financial damage.

Read Your e-commerce Business Insurance Policy

When you do select an e-commerce business insurance policy, it is important 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 best to seek clarification from your insurance broker before agreeing on the policy. If you do not do this, then you may have issues when you file a claim.

Consider the Deductible

Most e-commerce business insurance companies in IN charge deductible. This is a cost you will have to give in the event you file a claim.

A high deductible may not be affordable for your business, hence it is a good idea to try and bargain 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 many insurance providers to opt for when looking for the best insurance provider including cost, reputation, and coverage amount.

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