E-Commerce Insurance in Massachusetts – MA

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

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

E-Commerce Insurance in Massachusetts

Reasons Why Your Online Business Needs Insurance in Massachusetts

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

Data Breach and Data Security

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

Even if you’re just opening an e-commerce business, you’re likely to gather personal customer information.

And it is not the amount 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 could 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 numbers in 2014.

This breach affected customer trust, which hurt 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 result in damage reputation-wise, and monetarily.

You will probably not have the cash to settle these lawsuits, which is why you need 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 might be a reason for concern.

Distributed Denial of Service, short for DDoS attacks is prone 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 long-term effects on your e-commerce business.

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

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

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

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

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Product Liability Issues

Even you only sell digital products, it can cause damage to your consumers. Some good examples of product errors are big companies.

Due to product damage, these companies gave millions of dollars in lawsuits, which were 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 Massachusetts.


The result of fraud for e-commerce businesses is a lot today than it used to be a few years ago. There are different 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 must protect your customers from fraud, but you also have to protect your business from getting scammed.

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

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

Different Types of e-commerce Insurance Coverage in Massachusetts

When commissioning the best e-commerce insurance company in Massachusetts, you first have to opt for the type of coverage you need to safeguard your business from damage.

There are a lot of different types of e-commerce insurance coverages 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 Massachusetts.

Whether you run your online company from your house or commercial space, you should 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 covers your eCommerce business from third-party bodily injury and property damage claims.

So, if anyone comes to your office, and experiences an injury, then the legal obligations, and potential expenses will be paid for by your e-commerce insurance company in Massachusetts.

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

While myriad homeowners’ insurance contracts may cover your residence physical items, they will not shield you from any fraud costs relevant 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 confusing, but to tell you briefly shields 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 kind of insurance brings together several different types of insurances including product liability and cyber insurance.

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

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

There are many factors to take into account when choosing the best e-commerce insurance company in Massachusetts.

Company Reputation

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

When you’re finding the best e-commerce insurance company in Massachusetts, you need to stay away from cheap e-commerce insurance companies in Massachusetts, because these will not provide the perfect 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 select an e-commerce business insurance policy, you must peruse 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 agreeing on the policy. If you fail to do this, then you may have issues when you file a claim.

Consider the Deductible

Most e-commerce business insurance companies in MA may ask for a deductible. This is a cost you will have to give in the event you file a claim.

A high deductible may not be feasible for your business, hence it is a wise idea to try and speak with your insurance provider about reducing 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 checking for the best insurance provider including cost, reputation, and coverage amount.

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