What is Shopify business insurance? Insurance is an important thing you need which helps you to protect your business from the unpredictable situation that might happen in the future. The insurance you need will depend on what business that you run. Do you want to know more about Shopify insurance? Let’s check these out!

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Do Shopify Stores Need Business Insurance?

Shopify is an ecommerce platform which lets you start, grow and manage your own business. Shopify’s popularity is growing from day to day and has become one of the leaders in the ecommerce space. 

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Shopify has been used in more than 170 countries in the world and as of 2019, there are more than a million merchants using this ecommerce platform. Refer to Shopify review, Shopify is the best solution which has everything that merchants need to set up and manage Shopify stores online and offline.

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Do we need an insurance for online clothing business in Shopify? Insurance is an important way to protect your business from an unfortunate situation and a total disaster. When you are doing an online business in the online marketplace, you need to have an e commerce insurance. No matter if you manufacture your products by yourself or you buy it from the other manufacturers.

By taking insurance to your business, your business can get the protection. Insurance can protect you and your business if something goes wrong. It can also help you if your customer alleges a product caused them harm and support you with legal costs if they take you to the court.

Terms of Service

Shopify has its own terms of services like other ecommerce platforms. Since Shopify is a Canadian ecommerce company, they use the Canadian law. So if your customer wants to sue you in the future, they have to use Canadian law.

Shopify best e-commerce insurance policy wording will specify which country your insurance will cover. You can ask the details of your insurance to your broker or insurer so they can add on for other parts of the world that you need.

Insurance for a Shopify Dropshipping Business

Online business insurance is a must when you have an online business. One type of online business that people do is dropshipping. Dropshipping means selling things without stocking any products. Just because you don’t see and stock the physical products you sell, it doesn’t mean you are not responsible for the products. You still have the responsibility to your customer.

A dropshipping business model is no different to any other business in terms of insurance. You still need to have your business insurance, especially the Shopify shipping insurance. It is to protect your product when it is shipped to your customer which the products might go missing or get broken en route.

What Insurance Do You Need?

Talking about insurance might be a bit tricky. Before you buy the insurance for online retailers, you need to know and understand about your business and its risk, and also the coverage insurance. What insurance for clothing business can I take? What Insurance you need will depend on what your business model is.

Here are several types of insurance you can choose when selling online

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  • Public liability insurance – public liability insurance is the best for those who are oftenly contact with other people. This public liability insurance will cover you for any accidents, slips and trips that might happen in the future.
  • Product liability insurance – even if you are not the manufacturer of the products you sell, you are still responsible for any damages or injury that might be caused by the products. That’s why you need the product liability insurance. This product liability insurance will cover your legal costs and any compensation you are liable for, even if it is not solely your fault.
  • Employers’ liability insurance – when you hire an employee to your business, you need this employers’ liability insurance. This insurance cover you if any of your staff or employee become ill or injured when working for you
  • Stock and property insurance – this insurance is a must to protect unpredictable things that might happen in the future. This kind of insurance will cover your stock if a fire, flood or any accident took all your products and equipment, and whipped out your online or offline business.

Other Cover for Shopify Sellers

Is there any insurance that Shopify sellers need? Since there are many cyber crimes nowadays,you need Shopify cyber insurance. Shopify takes cyber crime seriously. This insurance will protect your business when someone hack your business and data. When you take this cyber insurance, it means that you have  paid your computer security experts to try and get into their systems to make sure your computer and business data are safe.

As a business owner, you need to take cyber insurance because Shopify cyber insurance helps to cover the repairing and restoring of your systems, data and website if it is breached or hacked. This insurance also helps get you up and running again faster. Beside that, cyber insurance will pay any legal fee and compensation that might occur when your customer sues you for losing their personal data and information.

Beside this cyber insurance, there is also business interruption insurance  which helps you to cover your lost income if the unexpected happens and you can’t trade. Usually this business interruption insurance goes together with stock and property insurance.


As you know,Shopify has grown wider in the last few years and has been used in more than 170 countries which means you need insurance when you set up a business in Shopify. Even when you are a dropshipper and never see the products, you will still be responsible for the products that you sell to your customer which might cause damage or injury.

The insurance you need will depend on the business you set but before choosing your business insurance, make sure to understand its policy and what the insurance cover is.

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Do not worry, if you use Ginee Philippines, you will also get business insurance because we secure your data, manage your online stores in a single dashboard with ERP system that is also integrated with several marketplaces and ecommerces at once. You can try all the Ginee Philippines features in a single click, sign up free now!

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