The cost of dropshipping insurance depends on many important issues. Therefore, it is not possible to show the exact policy amount. However, a running dropshipping business may pay $1,700 per year in liabilities, land, and business income streams to cover.
The actual cost of an insurance policy depends on several important factors, including:
Dropshipping products
If you sell expensive products like Apple products, pet toys, or bulky tech gadgets, you're at considerable risk. So more hassle and more money involved in insurance.
Dropshipping company location
The location of your dropshipping company may increase the risk to your business. For example, if your business is located near the Atlantic coast, the cost of the policy may be higher because the coastal areas are more prone to natural disasters and losses may be more than 20% higher than in other areas.
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