Is Your Online Business Insured?

[Nomad]

It is very common for a physical business like a shop or warehouse to get insured against theft, damage, fire, etc. You can even insure for shipment or freight. A lot of people about insuring online business because it exist only on virtual space. However, if you own an online business, you are still at the risk. For instance, if you have inventory, it needs insurance. If you have an office, it needs to be insured. By the way, is your online business insured?

 

[magnus2022]

This is the first time am hearing about online insurance and i have not think about it before. It will be okay but how will they do the estimation and calculation? I will like it if such insurance exists!

 

[Springtime]

That depends on the nature and scale of your online business. For large online retailer, it has inventory, warehouse and staff. So, it is necessary to have insurance. If you are just running an online business on your own, and is offering service instead of providing products, insurance may not be necessary.

 

[Fire&Rain]

Mine isn’t insured at the moment. Since I run everything from home and don’t hold any stock, I never saw the need. But you’re right, there are still risks like equipment damage or cyberattacks. It’s probably worth looking into options just to have some peace of mind.

 

[Starmix]

My small online business isn't insured. My income from it doesn't qualify to get protected. It's only my offline business in the mall that is insured against fire and theft.

 

[eLdavis]

Wasn't aware online business could be insured, even my offline business does not have any insurance.

 

[Augusta]

Yes, even online businesses should consider getting insurance. While not always legally mandated, it can be crucial for protecting against various risks and potential liabilities.

 

[Min George]

My online business is not really structured to think of having an insurance plan for it yet. Would be necessary when it is stable.

 

[Starmix]

My online business is not qualified to get a policy against losses or fraud. It is just a small online business. This month, I had no sales.

 

[Tray59]

I have not insured my online business because there is no need to do this at this moment,note that it's not yet grow to the required size and length which am looking for before I can insured it so I have not insured my online business yet

 

[Augusta]

Online businesses need insurance. It helps protect your company in different situations and can prevent you from paying for costly claims.