Having insurance when selling goods online is highly advisable, though it may not always be legally required. Different types of insurance can protect your online business from various risks. For instance, product liability insurance covers claims related to product defects that could cause injury or damage. This is particularly important if you’re manufacturing or modifying the products yourself. General liability insurance can protect against general claims involving bodily injuries, property damage, or advertising mistakes. If you’re storing inventory, you might also consider commercial property insurance. If your business involves contractual agreements, professional liability insurance might be needed to protect against claims of negligence or incomplete work. Even if not mandated by law, having the right insurance can save you from significant financial losses due to unforeseen incidents, and it fosters trust with customers and partners. Always consult with an insurance expert to tailor coverage to your specific business needs and comply with local laws or marketplace requirements.