Follow-up on Amazon's 1 million insurance issues

Is it really necessary to pay insurance premiums?

Is it necessary for sellers to pay for liability insurance? From the mainstream opinion of most sellers, sellers who have not received the email remain on the sidelines, while sellers who have received the email must pay on time and reply to the platform before March 15. Product liability insurance may seem "optional", but it has a significant impact on the long-term operation of sellers.

Insurance premiums have covered multiple categories including toys, auto parts, 3C, etc.

From the current perspective, the sellers who have received insurance premium emails have involved multiple categories such as toys, auto parts, 3C, clothing, beauty, pets, home textiles, outdoor sports, etc.

According to Amazon's requirements, the liability insurance purchased by sellers must meet the following conditions:

It is understood that the information required to be submitted for product liability insurance generally includes:

As for the cost, some sellers said they have purchased insurance for $3,000 per year, while others only paid a few hundred dollars. In fact, the premiums for different categories are different. Products with low risk factors have relatively low premiums, and vice versa, the higher the risk factor, the more premiums.