My #1 Amazon FBA Course: go.crescentkao.com/fbacourse Book a Consult with Me: go.crescentkao.com/consulting Jungle Scout: go.crescentkao.com/junglescout (30% OFF Promo) Helium10: go.crescentkao.com/helium10 (50% OFF Promo) AMZScout Pro: go.crescentkao.com/amzscoutbundle (20% OFF Promo) Viral Launch: go.crescentkao.com/virallaunch (40% OFF Promo) FREE Amazon Beginner Mastery Facebook Group: go.crescentkao.com/abmfacebookgroup FREE How to Get Started Selling on Amazon e-Book: go.crescentkao.com/free-getting-started-guide
Hey Crescent, New seller here. Would you be able to make a video on what needs to be covered in a discussion between a merchant and a seller (Alibaba seller) from A to B so that everything goes smoothly? This is my first time and I don’t want anything to go wrong. You are my preferred youtuber for FBA info! Thanks
Thanks as always Crescent. Do you have any personal recommendations other than Amazon's options? Also if you have a product people could use for sport and potentially get injured, outside of insurance and adding a warning on the product label and/or insert, is there any other things to be aware of? Cheers and keep up the great work!
You're welcome. Sorry, I don't have any recommendations, you'll have to do your own research. As for warnings, see what your competitors are doing and/or consult a lawyer.
@@CrescentKao Hi Crescent, quick update for you and others. It seems Amazon has already nixed those 3 recommended options/links and only has one from Marsh available now. I started the process, but it requires a storefront. At this stage I'm trying to get insurance quotes to assess if the product I"m interested in is viable. I tried contacting them directly, but it can take a week which is frustrating. If you have any thoughts/advice please let me know and hope it's easier for others. Cheers, Chris
Great informational video, it’s a mini mystery how this content doesn’t have more views and likes! Got a Q: I have followed the links to amazons suggested insurance companies and they only quote for general liability insurance, is the product insurance an extra step required by amazon and would this need to be added or every additional product we sell? Thanks 🙏🏾
Thanks for your input and feedback, I'm glad you found value in the video. General liability isn't the same as product liability. If you think your products can cause any sort of harm or injury beyond what general liability would cover, I would consult a professional.
I don’t want to be limited to any type of product while starting what insurance would be okay with covering anything and everything? Or do you see me needing to get several insurance plans?
Great video! I've been curious about creating an LLC but purely to protect my personal assets. Would purchasing product liability insurance protect my personal assets? That does seem to be the much easier route than creating an LLC. Thanks!
I'm glad you found it helpful! Registered a business separates your liability. Insurance is so you are covered financially just like car insurance. Your insurance covers any repairs or lawsuits if your car is damaged.
Hi Crescent. The insurance companies on Amazon only provide service to US based sellers. I am currently residing in Vancouver. It hard to find an insurance company that covers this. I contacted Westland insurance and they referred me to Zen Insurance. Still Waiting for their quote..
Hi Crescent, thank you for this valuable video. I am a French based seller selling in the US market and the insurance companies on Amazon only provide services to US based sellers. It is very difficult to find an insurance company for non-US sellers..
@@Maria-me7jt Hi, Can you please give us update did you find your local insurance? Or did you buy US address and EIN number? Please give us some info we are also NON US seller and have the same problem? Thanks for any info :)
Hey Crescent, Are you saying that insurance is required or advised regardless of the product ? I understand food or cosmetics and creams, but what about a simple item such as a backpack ? Thanks !
Hello. Like I stated in the video, Amazon requires all sellers to have insurance once you've reached $10k in sales: sellercentral.amazon.com/help/hub/reference/200386300?captcha_verified=1&
i do not understand this insurance is it required for PL in united state and if we do pl in usa do we need llc for it plz explain me i am not understanding it and i m from pakistan
I was thinking to do soleprop with Business insurance As a beginner. So having business insurance to cover my business, would this be sufficient?? Or do you think eventually I will need an LLC?
@@CrescentKao Currently I have 2 wholesale accounts and I will be starting an Amazon wholesale account and eventually getting into private label. Those are my goals.
@@jmackc100 I'm not a tax professional or an insurance agent. You should speak to a tax professional in your state to see which business type suits your needs best. They should also be able to recommend what type of insurance cover you need. In my opinion, an LLC is the best choice as it separates your personal assets and liability from your business whereas an SP does not.
Hello! Whether or not you have a brand doesn't matter. The video went over the things you should consider if you want to or should get insurance coverage.
Hi Crescent - I am new to amazon FBA and considering starting to sell my first white label product. It's a completely risk free and harmless product but have never worked with any b2b supplier before. The ones I am looking at appear to be reputable based on Alibaba and jungle scout data, but I am wondering in this scenario if you would still recommend getting insurance and/or an LLC. on one hand, i dont know suppliers i can trust but its also a harmless product. thanks
Hello! Congrats on starting your Amazon journey! Insurance and an LLC are meant to protect yourself, your assets and your business. Choosing who to work with depends on trusting your own gut, doing your due diligence and getting references. Beyond that, protect your money and have contracts in place. This goes over it: ruclips.net/video/SypjuCHesRs/видео.html I suggest watching this too: ruclips.net/video/KEr_xiHpHF8/видео.html
What happens if I cancel my amazon insurance? Will the insurance agency notify amazon? Will my account be suspended? Does amazon annual verification to make sure people renew or still have valid insurance? Anyone with experience in this?
I don't know where you're buying your insurance from but typical liability insurance is less than $100/mo... less than $50/mo if your business is small.
Question. If I am not in the US... How are they sending the documents? By mail or e-mail? If by mail... How do I get it if they send it to my US address...Cause of course I am not there.
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
My #1 Amazon FBA Course: go.crescentkao.com/fbacourse
Book a Consult with Me: go.crescentkao.com/consulting
Jungle Scout: go.crescentkao.com/junglescout (30% OFF Promo)
Helium10: go.crescentkao.com/helium10 (50% OFF Promo)
AMZScout Pro: go.crescentkao.com/amzscoutbundle (20% OFF Promo)
Viral Launch: go.crescentkao.com/virallaunch (40% OFF Promo)
FREE Amazon Beginner Mastery Facebook Group: go.crescentkao.com/abmfacebookgroup
FREE How to Get Started Selling on Amazon e-Book: go.crescentkao.com/free-getting-started-guide
I’m so happy I found this channel! Thank you!!!
You’re welcome! I’m happy that you’re finding the videos helpful! And thanks for your feedback, I appreciate it!
Not many ppl in the FBA space talk about this!
Nice update as always bro 👍🏾
Thanks for your feedback! I’m glad you found it helpful!
I appreciate that you don't ask for a like until the end of the video. I'm not an Amazon seller, but that gets you a subscription as well as a like.
Thank you for taking a moment to leave me your input and feedback, I appreciate it! And thanks for your support!
As always, amazing content! Clear, precise, to the point and loaded with valuable advise. Thank you SO much, really appreciate your time and effort!
You’re welcome! I’m glad that you’re continuing to find value in the content and I appreciate your input and feedback, thanks!
Thank you so much! Very helpful! I’m just waiting for my EIN 147C so I can apply for a separate business account.
You’re welcome! I’m glad you found value in the video!
Awesome video! Concise and informative... Thanks!
You're welcome! I'm glad you found it helpful!
Crescent, once again, thank you so much. :).
You’re welcome! Glad you found it helpful!
Soooo valuable. Thank you!!!
You're welcome! Glad you found it helpful!
Hey Crescent,
New seller here. Would you be able to make a video on what needs to be covered in a discussion between a merchant and a seller (Alibaba seller) from A to B so that everything goes smoothly? This is my first time and I don’t want anything to go wrong. You are my preferred youtuber for FBA info!
Thanks
Hello! This goes over how to contact supplier through Alibaba: ruclips.net/video/KEr_xiHpHF8/видео.html
Great content as usual 🙏❤️😀
Thanks for your feedback and continued support, I appreciate it!
@@CrescentKao you are welcome ✌️
Thanks as always Crescent. Do you have any personal recommendations other than Amazon's options? Also if you have a product people could use for sport and potentially get injured, outside of insurance and adding a warning on the product label and/or insert, is there any other things to be aware of? Cheers and keep up the great work!
You're welcome. Sorry, I don't have any recommendations, you'll have to do your own research. As for warnings, see what your competitors are doing and/or consult a lawyer.
@@CrescentKao Will do, thanks!
@@CrescentKao Hi Crescent, quick update for you and others. It seems Amazon has already nixed those 3 recommended options/links and only has one from Marsh available now. I started the process, but it requires a storefront. At this stage I'm trying to get insurance quotes to assess if the product I"m interested in is viable. I tried contacting them directly, but it can take a week which is frustrating. If you have any thoughts/advice please let me know and hope it's easier for others. Cheers, Chris
wonderful video. thank you
You’re welcome! I’m glad you found it helpful!
Very helpful!
I’m glad you found it helpful!
Great informational video, it’s a mini mystery how this content doesn’t have more views and likes!
Got a Q: I have followed the links to amazons suggested insurance companies and they only quote for general liability insurance, is the product insurance an extra step required by amazon and would this need to be added or every additional product we sell? Thanks 🙏🏾
Thanks for your input and feedback, I'm glad you found value in the video. General liability isn't the same as product liability. If you think your products can cause any sort of harm or injury beyond what general liability would cover, I would consult a professional.
Great video....good reminder!
I'm glad you found it helpful!
What to choose general liability or product liability,or one insurance covers both?
It depends on what you're selling and your risk assessment. I'm not an insurance expert, you should consult a professional.
I don’t want to be limited to any type of product while starting what insurance would be okay with covering anything and everything? Or do you see me needing to get several insurance plans?
You should speak to an insurance agent.
informative info; thanks bro
You're welcome! I'm glad you found it helpful!
Great video! I've been curious about creating an LLC but purely to protect my personal assets. Would purchasing product liability insurance protect my personal assets? That does seem to be the much easier route than creating an LLC. Thanks!
I'm glad you found it helpful! Registered a business separates your liability. Insurance is so you are covered financially just like car insurance. Your insurance covers any repairs or lawsuits if your car is damaged.
Hi Crescent. The insurance companies on Amazon only provide service to US based sellers. I am currently residing in Vancouver. It hard to find an insurance company that covers this. I contacted Westland insurance and they referred me to Zen Insurance. Still Waiting for their quote..
Let us know how it goes.
Hi Crescent, thank you for this valuable video. I am a French based seller selling in the US market and the insurance companies on Amazon only provide services to US based sellers. It is very difficult to find an insurance company for non-US sellers..
Hello! You're welcome! Like I said in the video, you can contact your local insurance companies and inquire with them.
@@CrescentKao it is hard to find, probably better buy the US local address and EIN number...
@@Maria-me7jt Hi, Can you please give us update did you find your local insurance? Or did you buy US address and EIN number? Please give us some info we are also NON US seller and have the same problem? Thanks for any info :)
@@trstetrste492 Hi, any updated, I am a non US seller too!! Thanks.
Hey Crescent, Are you saying that insurance is required or advised regardless of the product ? I understand food or cosmetics and creams, but what about a simple item such as a backpack ? Thanks !
Hello. Like I stated in the video, Amazon requires all sellers to have insurance once you've reached $10k in sales: sellercentral.amazon.com/help/hub/reference/200386300?captcha_verified=1&
i do not understand this insurance is it required for PL in united state and if we do pl in usa do we need llc for it plz explain me i am not understanding it and i m from pakistan
I'm not an insurance expert. You should consult a CPA or professional insurance agent about your situation.
What about wholesalers? Do they need product insurance?
Is the insurance required for a sole proprietor (individual) account?
If you meet the minimum requirements, you need to have insurance regardless of your business structure.
I was thinking to do soleprop with Business insurance As a beginner. So having business insurance to cover my business, would this be sufficient?? Or do you think eventually I will need an LLC?
Choosing SP vs LLC depends on your business type and business goals, not insurance. Buy insurance for the purpose of insuring your assets.
@@CrescentKao Currently I have 2 wholesale accounts and I will be starting an Amazon wholesale account and eventually getting into private label. Those are my goals.
@@jmackc100 I'm not a tax professional or an insurance agent. You should speak to a tax professional in your state to see which business type suits your needs best. They should also be able to recommend what type of insurance cover you need. In my opinion, an LLC is the best choice as it separates your personal assets and liability from your business whereas an SP does not.
@@CrescentKaoI appreciate your content and all that you do to help people. Thank you for your time. Happy Thanksgiving!🙂
@@jmackc100 You're welcome! Happy Thanksgiving to you too!
Great information
Glad to hear that you found it helpful!
hii Cres , do i need to have insurance if I don`t have brand name ?
Hello! Whether or not you have a brand doesn't matter. The video went over the things you should consider if you want to or should get insurance coverage.
Can you let me know
What the best shipped insurance
From china to AMAZON WHRERHOUSE?
You have to ask your freight forwarder for that information.
Hi Crescent - I am new to amazon FBA and considering starting to sell my first white label product. It's a completely risk free and harmless product but have never worked with any b2b supplier before. The ones I am looking at appear to be reputable based on Alibaba and jungle scout data, but I am wondering in this scenario if you would still recommend getting insurance and/or an LLC. on one hand, i dont know suppliers i can trust but its also a harmless product. thanks
Hello! Congrats on starting your Amazon journey! Insurance and an LLC are meant to protect yourself, your assets and your business. Choosing who to work with depends on trusting your own gut, doing your due diligence and getting references. Beyond that, protect your money and have contracts in place. This goes over it: ruclips.net/video/SypjuCHesRs/видео.html
I suggest watching this too: ruclips.net/video/KEr_xiHpHF8/видео.html
I just sell used videogames ajd I got the email asking for a liability insurance
@1:39
What happens if I cancel my amazon insurance? Will the insurance agency notify amazon? Will my account be suspended? Does amazon annual verification to make sure people renew or still have valid insurance? Anyone with experience in this?
Your title says you got sued. This is misleading.
Sad news. Now I fell discouraged.
Hello. There's no reason to feel discouraged, just make sure you have all you ducks in a row and do your due diligence like I described in the video.
You make 1k in 3 months then you 2k insurance😂
I don't know where you're buying your insurance from but typical liability insurance is less than $100/mo... less than $50/mo if your business is small.
Question. If I am not in the US... How are they sending the documents? By mail or e-mail? If by mail... How do I get it if they send it to my US address...Cause of course I am not there.
@3:00
@5:00