Professional online sellers on Amazon platform will need to fulfil the minimum insurance requirements set by them.
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Professional indemnity (“PI”) insurance (also called Error and Omission insurance) is to cover the professional persons. It protects them against legal liability to pay damages to persons who have sustained financial loss arising from their own professional negligence or that of their employees, in the conduct of business.
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Labor laws in China are very protective toward the employees. Compulsory social insurance will cover a large part of costs resulting from work-related injury but company will remain financially exposed in some specific cases.
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A company necessarily has one or more key men. It is a person who occupies an economic role essential to the proper functioning of the company because of the position occupied, its technical know-how, its managerial or commercial skills, or its responsibility.
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