Received an alrming email today regards to amazon now auto paying out on customer indemnity claims. I dont really see this as a risk however for peace of mind I sought to renew my previous indemnity business insurance with direct line however it had expired and they now for some unaccountable reason wont re-quote.
You received an alarming email about Amazonās new policy on auto-paying customer indemnity claims. To ensure peace of mind, you tried to renew your expired business insurance with Direct Line, but they refused to re-quote. I provided a list of 8 UK-based insurance providers that offer business indemnity insurance, including Hiscox, AXA, Zurich, Aviva, Markel Direct, QBE, RSA, and Travelers. Consider factors like industry expertise, policy flexibility, and coverage limits when selecting a new provider. You may also want to consult a business insurance broker or advisor for personalized guidance.
I just checked, you are right, Amazon doesnāt offer anything similar in Europe.
It is really strange that they would implement a policy from the US without any arrangements.
But I donāt think you should be worrying about this, it will take a lot of time for Amazon to implement this and before they do, they will have to come up with solutions, just like they did in the US.
Actually, I just got touch with an insurance provider which covers the UK and they offered me a discounted plan available to members of our forum who sign up through them, so I will get back to you soon.
That is a kind explanation however I checked (chatgpt) and theyāve simply asked chatgpt for a good response to āthisā forum question. Iām assuming itās to appear as a good helpful contributor on the forum, to what end Iām not entirely sure, probably to eventually sell something. Iām a sceptic huh!
Otherwise, thanks Kika look forward to further insurance provider updates.