Interview with Rohit Nair - E-Commerce Expander Secrets

E-Commerce Expander Secrets

Andy Hooper

Business

5 • 9 Ratings

🗓️ 15 May 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

📢In this episode of the E-Commerce Expander Secrets podcast, host Tommy Henbest is joined by Rohit Nair, from Assureful.

What they do:

Compliant with Amazon and Walmart
If your Amazon sales exceed $10,000 in one month, you must have Commercial General Liability Insurance. Assureful has been built for you.

Smart AI-driven rating and pricing for mandatory insurance. Assureful is Smart.
We cover products made in China, Private Label products, resellers and wholesalers. We know eCommerce.
Not just Amazon, Assureful covers all your sales and sales channels. Assureful protects your business.
Assureful looks at the products you’ve sold in the previous month and invoices you. Assureful is monthly-billed and usage-based insurance.
If you add new products to connected Amazon accounts, no need to tell us. Assureful is "Plug-in and Forget" insurance.
Connected directly to your Seller AccountsCovering 32,000 product categoriesAll your sales channelsPay-as-you-SellSell fully assured

FACEBOOK ► ⁠https://www.facebook.com/TheEcommExpe⁠...

INSTAGRAM ► ⁠https://www.instagram.com/globalecomm⁠...

LINKEDIN ► ⁠https://www.linkedin.com/company/glob⁠...

WEBSITE ► ⁠https://www.globale-commerceexperts.com/

Transcript

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0:00.0	So hello everyone, welcome to another episode of Ikamas Expander Secrets. Today we are joined by Rohit from Ashurul, actually the owner of the company. First of all, thank you for coming on today. Rohit. How's your day going?
0:20.0	It's going really well, Tommy. Thanks for having me.
0:22.9	Absolutely. Really looking forward to going through all the details around insurance and e-commerce
0:28.4	today. And yeah, once again, thank you for joining us. So could you tell us a little bit more
0:34.8	about Asureful and what inspired you to create this platform?
0:39.3	Sure. So my background is I'm an e-commerce guy. I've had five e-commerce brands. I've sold four of them, sort of the last two years.
0:49.8	The biggest one was doing about 30 million a year or so in sales.
0:56.6	And I sold that to a private equity firm.
1:00.3	And so while running that business,
1:06.2	Amazon is quite demanding when it comes to insurance.
1:12.2	And so getting insurance as an e-commerce business was extremely difficult, number one.
1:19.6	Most insurers don't like the idea of covering products that aren't made in house.
1:21.0	So, you know, private label products.
1:21.7	They don't like it.
1:25.1	They don't like products made in China.
1:30.5	They don't like anything in the baby categories or electronics,
1:37.9	lithium ion batteries, all of that stuff. And so one of the insurers that we finally got a quote from and we purchased, we were with them for a couple of years. And in one of the years,
1:43.7	we had a suspension event
1:44.9	happened with Amazon.
1:46.7	And when the suspension event happened, you know, that year we were looking to do, I think,
1:53.2	24 or 25 million in sales.
1:55.2	And all insurers require you to project your sales for the next 12 months.
	...

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