Amazon FBA Product Liability Insurance for Beginners Explained 2024 UPDATE!

Amazon recently updated their Product Liability insurance requirements. Learn what you need to do and what type of insurance coverage you need to be in compliance with Amazon's new policy. I'll also show you how you can use Amazon's new Insurance Accelerator Program to make purchasing your insurance quick and easy. If you don't live in the US but you're selling in the Amazon US marketplace, I'll explain how you can get a free US-based address and EIN in order to get an insurance policy.

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Amazon Insurance Requirements

How to Get an EIN

00:00 Introduction
00:39 Insurance Requirements
02:02 Claims Policy
02:24 Insurance Accelerator Program
02:40 Liability Policies
03:43 What You Need
04:47 Non-US Residents
06:21 Updating Proof of Insurance

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DISCLAIMER
This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!

#AmazonFBA #Insurance #Liability

[RichHandsome]

Not many ppl in the FBA space talk about this!
Nice update as always bro 👍🏾

[ayanadorzhieva]

I’m so happy I found this channel! Thank you!!!

[creesenebeker]

I appreciate that you don't ask for a like until the end of the video. I'm not an Amazon seller, but that gets you a subscription as well as a like.

[marifranz]

Thank you so much! Very helpful! I’m just waiting for my EIN 147C so I can apply for a separate business account.

[antony]

Hey Crescent,

New seller here. Would you be able to make a video on what needs to be covered in a discussion between a merchant and a seller (Alibaba seller) from A to B so that everything goes smoothly? This is my first time and I don’t want anything to go wrong. You are my preferred youtuber for FBA info!

Thanks

[RoleyChiu]

Crescent, once again, thank you so much. :).

[ranawt]

As always, amazing content! Clear, precise, to the point and loaded with valuable advise. Thank you SO much, really appreciate your time and effort!

[GMKovach]

Awesome video! Concise and informative... Thanks!

[MasonMallak]

Great informational video, it’s a mini mystery how this content doesn’t have more views and likes!
Got a Q: I have followed the links to amazons suggested insurance companies and they only quote for general liability insurance, is the product insurance an extra step required by amazon and would this need to be added or every additional product we sell? Thanks 🙏🏾

[chriscummings]

Thanks as always Crescent. Do you have any personal recommendations other than Amazon's options? Also if you have a product people could use for sport and potentially get injured, outside of insurance and adding a warning on the product label and/or insert, is there any other things to be aware of? Cheers and keep up the great work!

[markmasferrer]

I don’t want to be limited to any type of product while starting what insurance would be okay with covering anything and everything? Or do you see me needing to get several insurance plans?

[suprajajs]

What about wholesalers? Do they need product insurance?

[Alisupply]

Can you let me know
What the best shipped insurance
From china to AMAZON WHRERHOUSE?

[QuanWei_]

Hi Crescent. The insurance companies on Amazon only provide service to US based sellers. I am currently residing in Vancouver. It hard to find an insurance company that covers this. I contacted Westland insurance and they referred me to Zen Insurance. Still Waiting for their quote..

[Maria-mejt]

Hi Crescent, thank you for this valuable video. I am a French based seller selling in the US market and the insurance companies on Amazon only provide services to US based sellers. It is very difficult to find an insurance company for non-US sellers..

[HeWhThrashes]

Great video! I've been curious about creating an LLC but purely to protect my personal assets. Would purchasing product liability insurance protect my personal assets? That does seem to be the much easier route than creating an LLC. Thanks!

[retrodqfan]

I just sell used videogames ajd I got the email asking for a liability insurance

[animalife]

i do not understand this insurance is it required for PL in united state and if we do pl in usa do we need llc for it plz explain me i am not understanding it and i m from pakistan

[ronrivera]

Hey Crescent, Are you saying that insurance is required or advised regardless of the product ? I understand food or cosmetics and creams, but what about a simple item such as a backpack ? Thanks !

[nickarcoleo]

Hi Crescent - I am new to amazon FBA and considering starting to sell my first white label product. It's a completely risk free and harmless product but have never worked with any b2b supplier before. The ones I am looking at appear to be reputable based on Alibaba and jungle scout data, but I am wondering in this scenario if you would still recommend getting insurance and/or an LLC. on one hand, i dont know suppliers i can trust but its also a harmless product. thanks