What is e-commerce insurance?
E-commerce insurance is a form of insurance that is exclusive to online retailers or business owners who tend to conduct their business online. Since the breakout of Covid-19, e-commerce businesses have thrived, but at the same time, these expanding businesses are exposed to cyberattacks of different kinds. Data breaches, property damage, inventory theft, and supply chain issues are common risks in any e-commerce business. To tackle these risks, online retailers need insurance that covers the unique risks of conducting business online that are not covered in general commercial insurance. In short, e-commerce insurance offers protection against the unique risks associated with any online business.
Who needs e-commerce insurance?
These days, there are a lot of people working through on...