Shopify Business Insurance

Do I Need Business Insurance for My Shopify Store?

If you’re one of the online retailers selling on Shopify, it is not necessarily required that you carry small business insurance coverage. However, it is still recommended that you have Shopify business insurance coverage to help protect you from liability claims.

This insurance protection can help cover claims filed against you for bodily injury and property damage. For example, if your products damage your customer’s home, your product liability insurance policy can help pay replacement costs for the damages. This policy can also help cover bodily injury claims filed against your Shopify business.

To see if we can help you get the coverages you need, get an online quote from us today. We’re an insurance company with over 200 years of experience helping small business owners get the policies they need.

What Types of Shopify Insurance Are There?

Shopify liability insurance can help protect your Shopify store from claims of property damage and bodily injury. Some common Shopify insurance coverages that small businesses owners need include:

General liability coverage, which helps protect your business from liability claims that come up during normal business operations. It helps cover bodily injury and property damage.
Hired and non-owned auto coverage can help cover vehicles you use on the job that are rented, leased or borrowed for business purposes.
Professional liability insurance for help covering errors and omissions in the products or services you provide.
Product liability insurance, which helps protect your business from claims that your product caused property damage or bodily injuries.
Cyber liability insurance helps protect your business from technology-related risks, like data breaches.
Workers’ compensation insurance to help provide important benefits to employees with a work-related injury or illness.
Commercial property insurance, which helps protect your owned or rented building. It also helps protect your tools and equipment.
Business interruption insurance can help replace lost income if you have to shut down your operation temporarily from a covered loss.

Some online retailers also choose to get shipping insurance, which helps protect items you send customers while they’re in transit. The best way to find the insurance coverages you need is to compare quotes from multiple insurance companies. You can search for insurance online to see what companies offer.

We’ll help you get the coverages you need. Start today and get a quote. Our specialists can help answer any questions you have.

Do I Need Shopify Cyber Insurance for My Online Store?

Cyber liability insurance policies help protect you when you’re selling online from technology-related risks. For instance, data breach coverage can help pay for notifying impacted customers if your small business suffers a data breach. It can also help hire a public relations firm.

To see if we have the Shopify cyber insurance you’re looking for, get a quote from us today. We have experience helping ecommerce businesses get the coverages they need.

What Does Shopify Business Insurance Cover?

If you have an online store on Shopify, getting the right business insurance coverage, like a general liability policy, is essential. Shopify business insurance can help cover claims of:

Bodily injury or property damage: If your products cause bodily injury to a customer or property damage to their property, your product liability insurance policy can help pay for the claims.
Reputational harm: General liability insurance can help cover malicious prosecution, slander, libel, wrongful eviction and violating a person’s privacy.
Advertising injuries: Your general liability insurance policy can also help cover claims of copyright infringement.
Errors or omissions: A professional liability insurance policy can help cover any mistakes you or your employees make.
Data breaches: Your data breach policy can help pay to notify impacted customers of a data breach.

How Much Does Shopify Insurance Cost?

The average cost of general liability insurance policy is $805 annually. Many business owners also choose to combine business liability and property insurance into one convenient policy with our Business Owner’s Policy (BOP). On average, this costs $1,019 annually for small businesses.¹

To learn more about the cost of Shopify insurance, get quote from us today.