Lloyds to provide Insurance to Amazon sellers against suspension

[boss321]

Hi was just informed about this, tried doing a search but nothing came up. Might quite interesting for a lot of you who sell on Amazon, hopefully something similar for eBay comes also.



http://www.prweb.com/releases/2017/01/prweb14008691.htm

The insurance product will be made available to US business entities on February 1, 2017. Launch to non-US entities is expected during Q4.

What do you guys think?

[guitarca18]

I met with these guys yesterday at Prosper. Interesting concept. The only thing I didn't like is they have the power to deny your claim at the time of suspension if you were knowlingly doing something wrong. You're also required to hire a suspension reinstatement specialist before they will start to pay your claim, assuming you are approved. They do provide $500 towards the reinstatement specialist but the two they mentioned cost $2000
- $2500.


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[james929]

probably no good for stealth accounts as they would be under a different name unless lloyds would allow stealth accounts but 'under the power' of X individual...