Liability Insurance
eBay

Do you need Liability Insurance to sell other wholesalers goods on eBay or e-commerce sites?

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2007-09-02 11:01:40
2007-09-02 11:01:40

I don't know, and know many folks in this business that do not have any business insurance, but contact an agent in your area, if they do not sell this type of coverage/policy they will be able to refer you an agent that does.

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General liability refers to products completion and labor, while cargo is specific to transportation, such as hauling equipment or goods. The cargo insurance would kick in if there was damage to the goods in transit. General liability would cover goods in your warehouse or on the docks.

There are several different kinds of eCommerce services offered. Some services include: digital goods (such as music, e-books, and software), physical goods (such as books, furniture, and gadgets), and services (such as tickets and insurance).

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It all depends on the terms of the insurance policy. If it says it will cover that kind of loss, you're covered. If it doesn't specifically cover that kind of loss, you're out.

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i thnk its nt.stock is not a liability.stock is our asset.when it over comes its goes to liability.

A retailer buys goods from wholesalers or other similar distributors. The retailer then sells the goods to consumers at a somewhat higher price.

Retailing is selling goods to the customer. Wholesaling is selling goods to retails for resale to customers. Before eCommerce this was mostly done in stores.

Any website that exchanges goods or services for money is considered an e-commerce website.

Insurance which is sold by rental car companies usually covers damage or liability while driving the vehicle. The insurance does not generally cover any goods that are stolen while locked up in the vehicle. There are different types of insurance which are offered. The best insurance to get is comprehensive and collision coverage.

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It's not really either. Cost if goods sold is an expense on the profit and loss.

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