E-Commerce Insurance in Oregon – OR

If you operate an e-commerce business, you should get e-commerce insurance in Oregon. e-commerce businesses are extremely common these days and account for approximately 3.53 trillion US dollars.

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

E-Commerce Insurance in Oregon

Reasons Why Your Online Business Needs Insurance in Oregon

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

Data Breach and Data Security

Online businesses are prone to a data breach, which occurs when customer information is leaked.

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

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

A data breach is not prone 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 organization leaked employee Social Security numbers in 2014.

This breach threatened 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 create expensive lawsuits. These lawsuits can cause 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 noticed a rise in traffic to your website? Normally, an increase in traffic is a good thing, but sudden traffic might be a reason for concern.

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

DDoS attacks can result in a big loss in revenue and have costly 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 relatively new type of insurance, but that is becoming popular quickly and for several excellent reasons.

However, getting the best cyber attack insurance can be a bit tricky, because there is a high number of different types to choose from.

Crisis management is the most prevalent type of cyber attack insurance and covers your eCommerce business from losses 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 damage are major companies.

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

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


The cost of fraud for e-commerce businesses is much more today than it used to be many 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 have to protect your customers from fraud, but you also have to protect your business from getting robbed.

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

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

Different Types of e-commerce Insurance Coverage in Oregon

When commissioning the best e-commerce insurance company in Oregon, you first have to opt for the type of coverage you desire to shield 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 Oregon.

Whether you pursue your online business from your abode or leased 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 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 Oregon.

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

While myriad homeowners’ insurance terms 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 complex, but to explain 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 involving your e-commerce business.

Technology Errors & Omissions Insurance

Another type 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 select 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 OR?

There are several factors to consider when choosing the best e-commerce insurance company in Oregon.

Company Reputation

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

When you’re shopping for the best e-commerce insurance company in Oregon, you need to avoid cheap e-commerce insurance companies in Oregon, because these will not give the perfect coverage you need.

It is also very necessary to prioritize the coverage over the costs as this may result in big financial damage.

Read Your e-commerce Business Insurance Policy

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

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

Consider the Deductible

Most e-commerce business insurance companies in OR ask for a deductible. This is a price you will have to pay 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 wise 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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