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New A-Z product liability
So I see in the news today any seller selling over 4k per month has to have product liability through Simply Business mentioning Amazon in the policy - as a small print business we have not got any real experience on this - is it only required for products such as electrical items which could cause damage, or are we liable for printed products, Amazon as usual don't really help ?
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Seller_ZjZ4slOF0jHpk
My heart sank when I read the email and then the web page. Yet more expense, red tape and bureaucracy. How many insurance policies specifically name Amazon?
I'm a small sole trader. I have group insurance for artists from Hiscox via an artists non-profit company.
So in the event they ask for a copy of my insurance docs, I now have to get my insurance elsewhere?
"with policy (ies) naming Amazon and its assignees as additional insureds"
I swear the world is going mad.
Seller_Fg2fqaWOnEtha
Just got this: "We’ve updated the A-to-z Guarantee program to support the claims process in the unlikely event that a defective product sold in our EU or UK stores causes property damage or personal injury.
To sell on Amazon, you must obtain and maintain a valid commercial liability insurance policy once the gross proceeds from your transactions exceed the applicable insurance threshold in sales in any month. We also may reach out at any time to ask that you provide this information. "
I already have a product liability insurance so I am not worried about that. I worry that it will be the A-Z team dealing with this.
Seller_6A9BM76EEV5EG
Does this mean people can put claims in for damage and Amazon will just refund like they do with A to Z at the moment without any evidence?
Seller_8wg8Icg3yAI00
Hi, where does it say about the selling of 4k per month threshold? I can't find those specifics anywhere. Thanks.
Seller_GFH88sQvPEDFd
The insurance threshold for FBA, as far as I am aware, has always been in place. Sellers are required to have product liability insurance if selling over the 4k limit per month. What has changed is the addition to the A-Z claims now including damage to property and/or personal injury.
Ezra_Amazon
Hello @Seller_XxhC9e2MdIqIy,
You can find more information on insurance thresholds in the "Insurance Threshold" section of the Business Solutions Agreement.
The thresholds are:
- €5,000 for the DE, FR, IT, ES, BE, NL Amazon sites
- £4,000 for the UK Amazon site
- kr 50,000 for the SE Amazon site
- PLN 22,500 for the PL Amazon site
If the gross proceeds from your transactions exceed the applicable Insurance Threshold during any month, or otherwise if requested by Amazon, you will need to maintain public third party liability insurance within thirty (30) days.
Best, Ezra
Seller_ZjZ4slOF0jHpk
Well my group insurance company got back to me this morning -
"We have never been able to name individuals or third parties companies on group policies as it is not necessary as the policy includes what is called an ‘indemnity to principals clause’" & "All organisations that you deal with therefore be covered without the need to name them and Amazon would find this acceptable"
I've told them that Amazon being Amazon would almost be guaranteed to not accept this. So, I'm leaving it for now. I don't see them changing anything and will re-evaluate later on when I have more time.
Thanks Amazon!
Seller_PTena7LrLt9Wh
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Amazon's Marketplace is a massive business connecting third-party sellers with buyers, but when a product malfunctions, Amazon isn't held...
A few headlines I found on Google
Seller_CZuMmJsCpvnhz
one answer stop selling on here, more money for Amazon to sell you insurance.
It really is not worth it, how many other people have thrown the towel in after reading this, they will automatically take money from your account if someone makes up crap that is not true irrelevant how much you make a month. ENOUGH.
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