E-Commerce Insurance in Washington – WA

If you conduct an e-commerce business, you need e-commerce insurance in Washington. e-commerce businesses are on the rise 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 protect your e-commerce business from losses, which is why you should invest in e-commerce business insurance.

E-Commerce Insurance in Washington

Reasons Why Your Online Business Needs Insurance in Washington

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 takes place when customer information is compromised.

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

And it is not the number of information you collect, losing even one entry could amount to 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 information in 2014.

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

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

You will probably not have the funds to settle these lawsuits, which is why you need eCommerce business insurance.

DDoS Attacks

Have you had a rise in traffic to your website? Normally, a rise in traffic is a good thing, but unexpected traffic might 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 cause 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 need e-commerce cyber attack insurance.

Cyberattack insurance is a significantly new type of insurance, but that is on the rise 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 costs 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 big companies.

Due to product malfunction, these companies gave millions of dollars in lawsuits, which was 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 Washington.


The cost of fraud for e-commerce businesses is higher 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 scammed.

Preventing fraud is tricky, given that many times you have no control over how and when it happens.

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

Different Types of e-commerce Insurance Coverage in Washington

When commissioning the best e-commerce insurance company in Washington, you first have to choose the type of coverage you need to protect your business from damage.

There are many different types of e-commerce insurance coverages to choose from, most notably:

General Liability Insurance

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

Whether you operate your online company from your home or leased 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 protect your family.

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

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

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

While a few 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 a separate e-commerce insurance policy.

Commercial Crimes Insurance

Commercial crimes insurance may be a bit confusing, but to point out briefly covers 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 about 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 brings together several different types of insurances including product liability and cyber insurance.

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

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

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

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 Washington, you need to avoid cheap e-commerce insurance companies in Washington, because these will not give the correct coverage you need.

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

Read Your e-commerce Business Insurance Policy

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

If you don’t get any terms in the policy, then it’s a good idea to seek clarification from your insurance broker before agreeing on 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 WA may ask for a deductible. This is a cost you will have to pay in the event you file a claim.

A high deductible may not be feasible for your business, hence it is a smart idea to try and negotiate 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 plenty of insurance providers to choose from when looking for the best insurance provider including cost, reputation, and the coverage amount.

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