I’ve asked about is before I think - what is the threshold (if any)? I.e
" if a seller’s gross sales exceed £4,000 per month for three consecutive months, they must have public and product liability insurance.". Last two months we’ve been over that.
We’re solely FBM, do we need it? I have it currently for £28pm with Superscript which seems pricey.
Is this still current? I guess if I can get it more cheaply I will get it just to cover myself in case. I hear AXA is pretty cheap? Any other advice I should consider?
@kika do i recall reading you saying it isn’t necessary or being enforced recently?? (forget exactly what you said!)
Employers’ liability insurance - i employ my partner. afaik its law (as we’re not married and therefore not family so have that to, right?
Given that you suggest we don’t need it unless they ask for it and if they do we can then just get it at that point, was thinking of cancelling current policy…
In my view it’s worth having just in case, particulalr with amazon saying theyll homnour any claims but we’d have to pay awards THEY agree to! I just followed Kika’s recomendation and went with policybee, who were cheaper than all the others I got quotes from (though I couldnt access axa on their site).
If interested I was given a referral link Here
We both get £20 if you sign up through it! Better than a kick in the proverbials.
Yes, most people are using PolicyBee. I would be cautious though. If you have a business where you really need the business indemnity insurance with claims being a part of your business operation, then you should do your research and review multiple providers based on their conditions and coverage.
From my understanding, PolicyBee is mainly for those who just wish to comply with Amazon’s mandatory requirements. In the US, I am using Hiscox for the same purpose.
