E-Commerce Insurance in Kentucky – KY

If you run an e-commerce business, you should get e-commerce insurance in Kentucky. e-commerce businesses are extremely common these days and account for more than 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 failure, which is why you should buy e-commerce business insurance.

E-Commerce Insurance in Kentucky

Reasons Why Your Online Business Needs Insurance in Kentucky

There are many 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 stolen.

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

And it is not the bulk of information you collect, losing even one entry could cause 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 company leaked employee Social Security information in 2014.

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

If your e-commerce business is not shielded 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 cash 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 rise in traffic is a good thing, but sudden traffic may be a reason for concern.

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

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

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

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

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

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

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Product Liability Issues

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

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

You may think your stuff is extremely safe, but do not know the damage it can cause to others. Here you can find more information about e-commerce companies in Kentucky.


The result 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 run an e-commerce store, you not only have to protect your customers from fraud, but you also should protect your business from getting scammed.

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

When finding the best e-commerce insurance in Kentucky, it is important to commission a company that offers protection against fraud.

Different Types of e-commerce Insurance Coverage in Kentucky

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

There are a lot of different types of e-commerce insurance contracts to choose from, most notably:

General Liability Insurance

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

Whether you run your online company from your abode 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 safeguard 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 experiences an injury, then the legal obligations, and potential costs will be paid for by your e-commerce insurance company in Kentucky.

It is important not to mix up e-commerce general liability insurance with your homeowners’ insurance contract.

While some homeowners’ insurance contracts may cover your residence physical items, they will not cover you from any fraud costs related to your e-commerce business.

This is why you need an exclusive e-commerce insurance policy.

Commercial Crimes Insurance

Commercial crimes insurance may be a bit complicated, but to tell you briefly covers your e-commerce business from scams commonly from crimes committed by your workers or third parties.

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

Technology Errors & Omissions Insurance

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

This type of insurance combines several different categories of insurances including product liability and cyber insurance.

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

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

There are myriad factors to think about when selecting the best e-commerce insurance company in Kentucky.

Company Reputation

The e-commerce insurance company you select should have a 5-star reputation.

When you’re finding the best e-commerce insurance company in Kentucky, you need to avoid cheap e-commerce insurance companies in Kentucky, because these will not offer the right coverage you need.

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

Read Your e-commerce Business Insurance Policy

When you do choose an e-commerce business insurance policy, you must check the policy including the fine print for any errors.

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

Consider the Deductible

Most e-commerce business insurance companies in KY 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 bargain with your insurance provider about reducing the deductible.

Final Thoughts

Investing in the best e-commerce insurance policy is a great 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.

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