Our experience working with businesses in Virginia has show us that ecommerce business doesn't necessarily describe the nature of a business using an ecommerce model. An enterprise could be in the information dissemination and media distribution; or maybe its retail sales. Some businesses are completely ecommerce based, carrying no 'inventory' and owning very little in the way of business property except the servers and computer equipment necessary to carry out the business mission. Other businesses are a mix of traditional communication and delivery channels as well as ecommerce.
But no matter the shape, size or mix of your business, if ecommerce plays a significant role, then information protection and reputation are even more important than for other businesses, and routine business insurance may not be address some of the biggest risks you face. Here are some of the unique insurance coverages that a solid ecommerce business insurance program might need to include:
And depending on your business mix of 'traditional' practices, you will also need to consider these more traditional coverage options: