Prime Protection

Amazon Delivery Service Partner Insurance

If you're an Amazon Delivery Service Partner or you're considering becoming one, you'll need to insure your business. There are some basic commercial insurance coverages that you'll need. Let's quickly run through some here. We can help protect your business with Amazon Delivery Service Partner insurance in Mississippi and ensure you comply with Amazon's standards.

There are several basic insurance coverages Amazon will require of you as a Delivery Service Partner (DSP). We also recommend that you consider some additional coverages as a business owner.

Liability insurance applies to nearly every business operation. Amazon requires it for all Delivery Service Partners.

Amazon Requires Some Coverages for Delivery Service Partners

Commercial General Liability

As a business owner, you are potentially liable for every product, service, and operation relating to your business. While you stress sound procedures throughout your organization, the fact remains that no person or machine is perfect. Despite your best efforts, harm caused to a third party relating to your business could lead to litigation. Commercial general liability insurance protects business owners and assets from various exposures. You can learn more about commercial general liability insurance here.

Commercial Auto

Commercial or business auto insurance is crucial since DSPs are couriers doing business primarily behind the wheel. You're probably already familiar with the basics of auto insurance from your personal auto policy. Commercial auto policies are a little bit different. They protect your business. In this case, your commercial auto policy will also safeguard Amazon.

Cargo Liability

Cargo insurance is crucial because your business is responsible for the cargo you get from Amazon from when you pick it up until you hand it over to the customer. This coverage will protect your business from claims of damage or loss of packages.

Workers Compensation

Suppose you employ workers who are not considered owners. In that case, you are legally required to maintain a workers compensation policy. You do your best to maintain a safe work environment, but if any of your employees are injured or become ill on the job, you are legally responsible. A workers compensation policy can cover the payment of your employee's medical expenses, lost wages, and rehabilitation costs.

Amazon Delivery Service Partners Should Consider These Coverages

Property Insurance

Imagine a fire breaks out, and you lose your entire inventory. Or your business is burglarized, causing physical damage and possibly lost assets. Your ability to recover from these incidents depends on your commercial property insurance.

Excess/Umbrella

Every business is vulnerable to devastating losses and lawsuits that could exceed your primary insurance coverage. A catastrophic claim could deplete your future income and business assets without an excess or umbrella policy. Excell or umbrella policies are critical coverage solutions—especially for small to mid-sized businesses.

Cyber Liability

Today, cybercrime runs rampant. Data breaches targeting small businesses are an all-too-common occurrence. If you store sensitive customer information, such as account numbers, driver's license numbers, and credit card numbers, and you are the victim of a data breach, you are liable for any damages caused by the breached information.

Other Beneficial Coverages for any Amazon Delivery Service Partners in Mississippi

Flood & Earthquake

Your basic insurance policy does not protect you against damage from earthquakes and floods. Whether in a high-risk or moderate-to-low area, you should consider adding earthquake and flood insurance to your business insurance policy. More than half of all flood claims occur in areas considered to have low flood exposure, and each year there are around 5,000 earthquakes in the United States.

Inland Marine

Do you have business equipment, materials, or supplies in transit? Do you store business property in an off-site location? Inland marine coverage protects your most valuable business property or equipment, wherever it may be.

Where do I start?

Amazon Delivery Service Partner insurance in Mississippi can be a complex process of finding the policies that best fit your needs. If you're thinking about becoming an Amazon Delivery Service Partner, we're here to help you identify your potential risks and liabilities and then work with you to tailor an insurance package that will protect your business. Let's get started protecting what's yours.