Amazon Insurance Accelerator/Marsh Germany no longer offering policies for Amazon
Unfortunately Marsh Germany has stopped their cooperation with Amazon Insurance Accelerator as of this year.
Marsh (American insurer) and Chubb (European intermediary) are no longer offering liability policies for Amazon sellers. Existing policies are not being renewed. Other insurers are not willing to add “Amazon.com Services LLC and its affiliates and assignees” as additional insured.
Is Amazon aware of this change by their insurance partner for Germany, especially seeing that they're still recommending Marsh Germany on Amazon Insurance Accelerator?
Are there any sellers located in the EU that have successfully applied for a liability insurance this year?
Amazon Insurance Accelerator/Marsh Germany no longer offering policies for Amazon
Unfortunately Marsh Germany has stopped their cooperation with Amazon Insurance Accelerator as of this year.
Marsh (American insurer) and Chubb (European intermediary) are no longer offering liability policies for Amazon sellers. Existing policies are not being renewed. Other insurers are not willing to add “Amazon.com Services LLC and its affiliates and assignees” as additional insured.
Is Amazon aware of this change by their insurance partner for Germany, especially seeing that they're still recommending Marsh Germany on Amazon Insurance Accelerator?
Are there any sellers located in the EU that have successfully applied for a liability insurance this year?
Steve_Amazon
Hi @Seller_2k1dEjWcBxCvx,
Steve from Amazon here, thank you for reaching out. For support in the Germany store, I recommend that you change your store to Germany in Seller Central and create a case to Seller Support and bring this to their attention. They may have additional guidance for that store.
You can also change the Forums account store to Germany by using the drop down box in the top right and create a new thread to get feedback from other sellers in that store. You can get assistance from a Community Manager in that store by doing this as well.
I am also providing the requirements for commercial liability insurance. you can choose any insurance provider that meets our requirements below.
- The insurance policy type can be either commercial general, umbrella, or excess liability and be occurrence based, except for certain product categories that are outlined in the Frequently asked questions;
- The policy limit must be at least USD 1 million per occurrence and in aggregate, and cover liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury;
- The deductible for any policy(ies) must not be greater than $10,000. Any deductible amount must be listed on your Certificate of Insurance;
- The policy must cover all sales from products you have listed on the Amazon.com store;
- The policy must name "Amazon.com Services LLC and its affiliates and assignees" as additional insureds;
- Except for single-member LLCs, your insured name must match the “legal entity” name you provided to Amazon in your Account Info. For single member LLCs, where your legal entity name is different than the name you publicly use to identify your business (“trade name,” “doing business as,” or “DBA”), it is also acceptable for your insured name to match your trade name;
- Your insurance provider must have global claim handling capability and a financial rating of S&P A- and/or AM Best A- or better (if S&P or AM best is not valid or used in the country where you are required to obtain insurance, a local equivalent is allowed);
- The policy must be completed in its entirety and signed; and
- Your insurance provider must give Amazon at least 30 days’ notice of cancellation, modification, or nonrenewal.
Please let me know if there are any other questions.
Thanks,
Steve
3 respuestas
Seller_2k1dEjWcBxCvx
Steve_Amazon
Hi @Seller_2k1dEjWcBxCvx,
Steve from Amazon here, thank you for reaching out. For support in the Germany store, I recommend that you change your store to Germany in Seller Central and create a case to Seller Support and bring this to their attention. They may have additional guidance for that store.
You can also change the Forums account store to Germany by using the drop down box in the top right and create a new thread to get feedback from other sellers in that store. You can get assistance from a Community Manager in that store by doing this as well.
I am also providing the requirements for commercial liability insurance. you can choose any insurance provider that meets our requirements below.
- The insurance policy type can be either commercial general, umbrella, or excess liability and be occurrence based, except for certain product categories that are outlined in the Frequently asked questions;
- The policy limit must be at least USD 1 million per occurrence and in aggregate, and cover liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury;
- The deductible for any policy(ies) must not be greater than $10,000. Any deductible amount must be listed on your Certificate of Insurance;
- The policy must cover all sales from products you have listed on the Amazon.com store;
- The policy must name "Amazon.com Services LLC and its affiliates and assignees" as additional insureds;
- Except for single-member LLCs, your insured name must match the “legal entity” name you provided to Amazon in your Account Info. For single member LLCs, where your legal entity name is different than the name you publicly use to identify your business (“trade name,” “doing business as,” or “DBA”), it is also acceptable for your insured name to match your trade name;
- Your insurance provider must have global claim handling capability and a financial rating of S&P A- and/or AM Best A- or better (if S&P or AM best is not valid or used in the country where you are required to obtain insurance, a local equivalent is allowed);
- The policy must be completed in its entirety and signed; and
- Your insurance provider must give Amazon at least 30 days’ notice of cancellation, modification, or nonrenewal.
Please let me know if there are any other questions.
Thanks,
Steve