4 things you can do today to get cheaper eCommerce liability insurance

If you have an eCommerce store, you know how hard it is to stay afloat. With razor-thin margins and sales which can be super volatile, its sometimes hard to see where and when you start making the big bucks you thought you would see. That’s why it’s so important to know how to save where you can, and guess what? Your liability insurance is something you can save on today! Here are 4 things you can do today to save on your eCommerce liability insurance.

1. Conduct Market Research

As an eCommerce seller, you might have a hard time getting insured. You might even think that the price you were offered by the first company you checked with is standard. We’re here to tell you that it’s not the case. In fact, 62% of eCommerce sellers are currently overpaying for their liability insurance. It’s not because they choose to pay more, its just because they don’t know that they have more than one option. By getting insured through Spott, you know that we will conduct the research on your behalf, and provide you with the best-priced quotes for your business.

2. Get insurance that understands eCommerce

When getting insured, it’s important that your insurance provider actually understands what you sell and how to quantify what kind of risk you pose to them. Often, eCommerce sellers purchase insurance from local brokers who don’t understand how their business differs from a ‘brick and mortar’ store. Local brokers tend to provide policies that are much more expensive than they need to be for eCommerce sellers. Statistically, insurance that isn’t tailored to eCommerce businesses will be more expensive. Getting insured through Spott means not having to worry about any of that. 

3. Get your categories straight

Once you get in touch with an insurance company, they are going to ask you about what you sell in order to categorize your business and risk. If you sell knives, for example, your business category will be different from someone selling T-shirts. Obviously, knives are a more ‘dangerous’ product, and the risk to the insurer is higher, meaning the premium will be higher too. As an eCommerce seller, declaring the categories in which you sell can be a little complicated. For example, if you sell knife sharpeners, your premium shouldn’t be as high as someone selling knives, but most insurance carriers don’t know how to tell the difference, meaning they will overcharge you. When purchasing insurance through Spott, you don’t have to worry about miscategorization. As eCommerce experts, Spott knows best how to differentiate between categories, meaning less confusion for the insurer, and cheaper rates for you. 

Automate the process

Time is money. And when it comes to running your eCommerce business, wasting time just isnt an option. That’s why spending time on filing out forms and answering broker’s questions can be especially annoying. Getting insurance the ‘traditional’ way, of contacting a broker, filling out forms, sending in statements and paperwork, can take days or even longer to finalise. But getting insurance through Spott couldn’t be easier. All you have to do is provide some basic details about your store, and Spott will take care of the rest, getting you a quote within 3 minutes. The time you save can be devoted to actually growing your business and not just dealing with insurance. 


Running an eCommerce business is far from easy. Spott is here to make that process just a little bit easier. By taking care of your insurance needs, Spott saves you time and money. By taking care of your insurance needs, you no longer need to worry about where to find the best solution for your business. Get a quote today and see for yourself just how easy it is.


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