E-Commerce Insurance in South Carolina – SC

If you run an e-commerce business, you need e-commerce insurance in South Carolina. e-commerce businesses are increasingly popular these days and account for approximately 3.53 trillion US dollars.

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Similar to conducting 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 South Carolina

Reasons Why Your Online Business Needs Insurance in South Carolina

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

Data Breach and Data Security

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

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

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

A data breach is not limited 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 data in 2014.

This breach weakened customer trust, which took a toll on the company’s brand reputation and loyalty.

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

You will probably not have the money to settle these lawsuits, which is why you need 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 unexpected traffic could be a reason for concern.

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

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

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

Cyberattack insurance is a relatively new type of insurance, but that is becoming popular quickly and for several great reasons.

However, getting the right cyberattack insurance may 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 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 products are extremely safe but have no idea about the damage they can cause to others. Here you can find more information about e-commerce companies in South Carolina.


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 operate an e-commerce store, you not only have to protect your customers from fraud, but you also should 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 finding the best e-commerce insurance in South Carolina, it is important to select a company that offers protection against fraud.

Different Types of e-commerce Insurance Coverage in South Carolina

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

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

General Liability Insurance

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

Whether you operate your online business from your house or brick-and-mortar space, you must 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 protects your eCommerce business from third-party bodily injury and property damage claims.

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

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

While myriad homeowners’ insurance policies may cover your household physical items, they will not cover 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 explain briefly protects your e-commerce business from fraud generally from crimes committed by your staff 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 shield your business insurance is technology errors and omissions insurance.

This type of insurance is a mix of several different kinds of insurances including product liability and cyber insurance.

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

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

There are several factors to consider when buying the best e-commerce insurance company in South Carolina.

Company Reputation

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

When you’re selecting the best e-commerce insurance company in South Carolina, you need to steer clear of a cheap e-commerce insurance company in South Carolina, because these will not provide 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, 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 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 SC charge deductible. This is an amount 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 lowering the deductible.

Final Thoughts

Investing in the best e-commerce insurance policy is a wise choice for your online business. There are several insurance providers to select when checking for the best insurance provider including cost, reputation, and coverage amount.

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