As E-Commerce Expands, So Do Insurable ExposuresCommercial lines insurers have paid considerable attention to the rapid growth of "dot-coms," and the attendant risks inherent in electronic transactions, which often are referred to as e-commerce exposures. Indeed, many carriers now offer separate e-commerce policies to provide specific coverage for risks unique to electronic transactions and the computer environment.
"MarketStance" estimates that e-commerce sales by dot-coms and other "non-store retailers" such as Amazon.com reached $25 billion last year. Last years estimated 18 percent rate of growth is especially impressive given that total retail sales grew only 3 percent during that period, reflecting the U.S. economys recent recession.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
