FAQ_category: (HIDDEN) Industry FAQs

Yes. Amazon’s Business Solutions Agreement requires Professional Sellers exceeding $10,000/month in sales to carry insurance that meets specific requirements. Not complying can result in warnings or even account suspension. 

Insurance also: 

• Builds trust with buyers by showing you run a professional, stable business. 

• Protects your assets and future sales against unexpected claims. 

• Ensures you remain compliant with Amazon’s seller policies. 

Absolutely, with the right policies in place: 

• Product Liability protects against claims if a product you sell causes injury or property damage. 

• Cyber Liability covers breaches, fraud, or hacks tied to customer data. 

• Commercial Property or Inland Marine Coverage can protect your inventory stored in warehouses (though note that Amazon’s FBA warehouses only provide limited coverage, so supplemental insurance is wise). 

On average, Gilders pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Amazon requires Professional Sellers who earn over a certain sales threshold to carry liability insurance. Core coverages include: 

• General Liability – Protects against third-party bodily injury or property damage from your products. 

• Business Owner’s Policy (BOP) – Bundles liability and property coverage to protect against customer injury claims and damage to your business assets. 

• Product Liability Insurance – Critical for sellers; protects you if an item you sell causes harm or property damage. 

• Cyber Liability – Valuable for protecting against data breaches, given e-commerce reliance on digital transactions. 

Yes! Liquor stores often face stricter requirements than standard retail shops: 

• Liquor liability insurance is required in many states to obtain or renew a liquor license. 

• General liability insurance is typically required by landlords before signing a lease. 

• Workers’ compensation is legally required in nearly all states if you employ staff. 

Meeting these requirements ensures compliance with alcohol regulations and builds trust with landlords, regulators, and customers.