monti
Apprentice
Joined: 24 Sep 2006
Posts: 11
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 Posted: 09/22/07 - 05:15 Post subject: |
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| m aware that traditional businesses include traditional risks for protection for your property, employees, and customers and clients who are doing business with you. Considering that I have established my own ecommerce business few years ago, and my business did expanded and developed a lot since it started running, more employees had been added, as well as additional offices and shops, I had to bring in changes considering Liability Insurance for Online Businesses, which was essential, for the reason of my employees, additional property, so no harm to assets and no harm to others employees wont become a problem. What Liability insurance for online businesses is available and how the level with traditional Liability insurance? |
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eddi
Apprentice
Joined: 01 Aug 2005
Posts: 19
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| Posted: 10/03/07 - 23:39 Post subject: |
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Its quite certain that online insurance have different approach to ecommerce businesses, and insurance options have evolved to help ecommerce owners review, evaluate and handle those risks. There are quite few important issues that became known in regard to ecommerce business insurance including data security because of the unauthorized access to customers data and broadcasting of these data through fraud or by accident, so there are potential liabilities if that information is exposed. Third party providers can cause an interruption, if customer is unable to access the website because of the denial of service or disruption. Recommended levels of liability coverage for small businesses with less than $5 million in equity, then buying insurance of $1 million or $2 million in liability limits will be quite reasonable.
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