Amit Batzir is the Co-Founder and Chief Product Office at Spott, the world's first financial services platform designed exclusively for e-commerce sellers. He has extensive experience in the world of data & risk and formerly led the Data Intelligence team at PayPal.
Spott was founded in 2021 and grew to a staff of 25 spread across offices in Tel Aviv and New York, after completing an $8.3m seed funding. Spott’s solution is powered by advanced data and event-driven technologies that enable a new breed of financial products and services for the e-commerce market. Spott provides competitive insurance quotes to e-commerce businesses and enables them to swiftly purchase policies that satisfy the requirements of marketplaces at a price that reflects the business’ risk level. Spott is currently serving hundreds of e-commerce sellers worldwide and has partnered with top-tier digital brokers and leading commercial carriers in the U.S. In addition to its insurance offering, Spott provides real-time insights and helps sellers to proactively avoid account suspensions, supply chain issues, list hijacking, counterfeiting and others. Spott’s services also empower online sellers to boost sales volume, launch new products, expand to new markets, scale marketing activities, and broaden geographic reach.
00:00 Amazon Product Insurance LIVE Q&A
10:04 Introduction of guest: Amit Batzir, Spott.
11:18 What made you start a service to specifically help Amazon sellers with e-Commerce product insurance?
13:25 My business is registered in Turkey. All insurance companies are refusing to give me service unless I have a USA company.
14:31 How many days after reaching 10k per month do I have to show Amazon my insurance details?
14:55 If I make insurance for 1 year and my sales were 10k/month. In 3 months my sales reached 70k, should I change my insurance or it's still valid?
16:15 What challenges do you see e-Commerce business owners facing today?
17:31 Insurance for e-commerce sellers came up a lot in the news lately - can you explain what changed? Do e-commerce sellers need insurance? If so, why?
19:41 Both Amazon and e-Commerce sellers, everybody need insurance?
20:31 Where does the scope starts and ends
22:08 Is there any insuranca for Rakuten Ichiba sellers?
23:22 Amazon is finally doing what many other platforms have already done.
25:35 What should the policy include and what happens if Amazon declines the policy I purchased?
27:20 Sometimes I think you look what I exactly need in my next business.
27:50 If updating insurance provides after adding products do I usually need to pay more?
28:59 How much do insurance policies cost? What happens if the insurance policy is expensive and it is difficult for the seller to pay all at once?
34:18 Insurance for product and account suspensions
36:18 How can one get insurance for products which are different than usual standards are. For example, some replacement parts for furniture, which are are not like the standard one should be.
37:27 Best way to get in touch with Spott.
39:09 Can you also make insurance for European sellers, who are not LLCs? One man businessman?
Spott was founded in 2021 and grew to a staff of 25 spread across offices in Tel Aviv and New York, after completing an $8.3m seed funding. Spott’s solution is powered by advanced data and event-driven technologies that enable a new breed of financial products and services for the e-commerce market. Spott provides competitive insurance quotes to e-commerce businesses and enables them to swiftly purchase policies that satisfy the requirements of marketplaces at a price that reflects the business’ risk level. Spott is currently serving hundreds of e-commerce sellers worldwide and has partnered with top-tier digital brokers and leading commercial carriers in the U.S. In addition to its insurance offering, Spott provides real-time insights and helps sellers to proactively avoid account suspensions, supply chain issues, list hijacking, counterfeiting and others. Spott’s services also empower online sellers to boost sales volume, launch new products, expand to new markets, scale marketing activities, and broaden geographic reach.
00:00 Amazon Product Insurance LIVE Q&A
10:04 Introduction of guest: Amit Batzir, Spott.
11:18 What made you start a service to specifically help Amazon sellers with e-Commerce product insurance?
13:25 My business is registered in Turkey. All insurance companies are refusing to give me service unless I have a USA company.
14:31 How many days after reaching 10k per month do I have to show Amazon my insurance details?
14:55 If I make insurance for 1 year and my sales were 10k/month. In 3 months my sales reached 70k, should I change my insurance or it's still valid?
16:15 What challenges do you see e-Commerce business owners facing today?
17:31 Insurance for e-commerce sellers came up a lot in the news lately - can you explain what changed? Do e-commerce sellers need insurance? If so, why?
19:41 Both Amazon and e-Commerce sellers, everybody need insurance?
20:31 Where does the scope starts and ends
22:08 Is there any insuranca for Rakuten Ichiba sellers?
23:22 Amazon is finally doing what many other platforms have already done.
25:35 What should the policy include and what happens if Amazon declines the policy I purchased?
27:20 Sometimes I think you look what I exactly need in my next business.
27:50 If updating insurance provides after adding products do I usually need to pay more?
28:59 How much do insurance policies cost? What happens if the insurance policy is expensive and it is difficult for the seller to pay all at once?
34:18 Insurance for product and account suspensions
36:18 How can one get insurance for products which are different than usual standards are. For example, some replacement parts for furniture, which are are not like the standard one should be.
37:27 Best way to get in touch with Spott.
39:09 Can you also make insurance for European sellers, who are not LLCs? One man businessman?