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Insurance and Risk for Online Businesses Print

  • runningbusinessonlinenigeria, running, backup, security, guide, howto, solution, zillionkinghost
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Thinking about what could go wrong.

THE RISKS

Stock damaged or lost A delivery that never arrives A customer claiming injury or loss from a product Data loss Fraud A key supplier failing

WHAT TO CONSIDER

Whether insurance is available and appropriate for your business type What your suppliers' liability is What your terms say about your own liability

PRACTICAL RISK REDUCTION

Backups, which cover data loss Verification before dispatch, which reduces fraud Multiple suppliers for anything critical Adequate packaging, which reduces damage claims Clear terms, which set expectations

WHAT YOUR TERMS SHOULD ADDRESS

What you are responsible for and what you are not Delivery risk Product liability, where relevant

TAKING ADVICE

Insurance and liability are matters for proper advice rather than general guidance. Speak to a broker or an adviser about what suits your business.

WHAT WE CAN HELP WITH

The technical side: backups, security, and keeping the systems running.


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