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Insurance Policies to Cover D2C Businesses
Ignite Your D2C Success Without Getting Burned
From warehouse to doorstep, our fire insurance for D2C businesses coverage shields your products and operations against fire-related risks.
What are the Risks Faced by Consumer Brands
Inventory Damage From Fire
Stashdasher, an e-commerce company faced massive inventory loss from fire in 2023. This led to mounting debts and work disruption. D2C companies without insurance against deadly fire accidents can face critical financial issues.
Faulty Manufacturing
Kropped Machineries, a Delhi based company manufacturing blenders and grinders, was alleged against faulty blenders causing numerous fatalities. The company underwent trials and paid ₹10 lakhs as compensation and had to recall their products.
Protecting Director’s Assets in Lawsuit
Mohit N. faced a lawsuit of ₹2 crores for corporate mismanagement. His personal assets, which included his residential complex in East Bengaluru and his personal bank account were frozen by NCLT.
Insured Professionals: Who's Covered?
Third Parties
D2C Startup, Its Partners, and Shareholders
Stock
Directors & Officers
Inclusions
Fire Damage
Fire insurance for D2C businesses covers losses due to fire, ensuring protection for inventory, equipment, and premises.
Product-Related Claims
Product liability insurance for manufacturers covers claims related to defective or harmful products, including personal care items and edibles.
Third-Party Liabilities
General liability insurance provides coverage for bodily injury, property damage, and advertising injury claims made by third parties.
Inventory Loss
Stock insurance for D2C startups provides coverage for damage or loss of goods, safeguarding your business assets.
Management Liability
Directors & officers insurance for consumer brands protects executives against claims related to their managerial decisions and actions.
Exclusions
Intentional Damage
Does not cover damages caused intentionally by the insured.
Prior Knowledge
Does not cover claims arising from circumstances that were known or should have been known prior to the policy inception date.
Pre-Existing Conditions
Health insurance for startups often excludes coverage for pre-existing medical conditions unless otherwise specified.
Contractual Liabilities
Liability insurance for creators typically excludes liabilities assumed under contract unless specifically covered.
War and Terrorism
Excludes damages resulting from acts of war or terrorism.
How are D2C Startups Covered with Insurance
In 2021, a promising D2C startup in India specializing in organic personal care products faced a significant setback when several batches of their skincare line were found to contain a contaminant. This led to adverse reactions among some customers, resulting in a product recall and a flood of refund requests. With professional indemnity insurance, advertising agencies can easily mitigate the financial impact of this disaster.
Secure Your D2C Business Today!
Covrzy’s comprehensive Insurance for D2C startups is here to safeguard your business in minutes. Connect with a Covrzy expert to craft your perfect insurance plan.
Frequently Asked Questions
What is covered under Covrzy's product liability insurance for manufacturers?
Our product liability insurance covers claims arising from defects in products, protecting manufacturers from legal liabilities and customer claims.
What does fire insurance for D2C businesses cover?
What is the role of product liability insurance for manufacturers?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
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