NAS MomentumTM is a new kind of insurance for online sellers. If their account gets suspended by Amazon, online sellers will have insurance to cover their losses and help them get back to business.

There are over 1 million sellers on Amazon. While many sellers have insurance to cover some aspects of their business, they may lack coverage for one of their biggest risks—account suspension. When an account is suspended by Amazon, online sellers lose their selling privileges and must submit an appeal to Amazon to reinstate their account. The appeal process often requires the help of an attorney or Reinstatement Specialist, which can be time-consuming, costly, and result in significant financial loss to the seller.

Core Coverage Components:  

  • Suspension Loss – Coverage for actual financial loss sustained during a suspension
  • Suspension Appeal Expenses – Reimbursement of reasonable and necessary fees and expenses of a Reinstatement Specialist to help appeal a suspension
  • Tax Audit Expenses – Reimbursement of reasonable and necessary fees and expenses of a qualified Tax Practitioner to help in the event of a tax audit

Product Highlights:

  • Aggregate limits from $25,000 up to $1,000,000
  • Suspension Appeal Expense sub-limits from $2,500 up to $25,000
  • Tax Audit Expense sub-limit of $2,500
  • Suspension Loss coverage for up to 30 days, including 5 day waiting period
  • $250 deductible for Suspension Appeal Expenses
  • $250 deductible for Tax Audit Expenses
  • Freedom to choose any Reinstatement Specialist or Tax Practitioner
  • Multiple suspensions may be covered during the policy period

 

Click here to download the highlight sheet

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