Importance of Insurance for eBay Sellers
eBay sellers can protect themselves by getting business insurance. General liability insurance covers third-party injury and property damage claims. Commercial property insurance protects inventory. On-demand general liability insurance covers transactions and shipping. Professional liability insurance covers financial losses from product recommendations.
Insurance Options for eBay Sellers
You don’t necessarily need insurance to sell on eBay. However, it’s recommended to protect yourself in case issues arise. An insurance agent can help determine what coverage you need.
Why Insurance Matters for eBay Businesses
Your inventory could become damaged. A buyer could file a lawsuit claiming a product they bought from you caused harm. That’s why eBay sellers insurance matters – it protects your business.
Shipping Insurance Information
When printing shipping labels on eBay, you can get $1,000 of insurance for low rates to save money. For USPS Domestic and USPS International, the rates vary based on package value. Taxes are included like a 3% Surplus Line Tax for California and a 0.25% Surplus Line Stamping Fee for packages worth over $100.
After receiving a completed claim with documentation, USPS generally pays within 5-7 business days. You can file a USPS claim by mail or wait 30 days for eBay international standard delivery claims if a package was lost. Buy USPS insurance for items worth up to $5,000. Understand the importance of shipping insurance protecting buyers and sellers from mishaps.