E-commerce Sellers + Insurance Claim: The Challenge
As an e-commerce seller, preparing bank statements for insurance claim is a common but time-consuming task. Insurance claims for business interruption, theft, or fraud require bank statements as evidence of financial loss. Insurers need clear, organised financial documentation.
How BankScan AI Helps E-commerce Sellers with Insurance Claim
Convert your bank statements to structured spreadsheets so you can match marketplace payouts, refunds, and fees against your sales records. For insurance claim specifically, BankScan AI extracts Pre-loss revenue baseline, post-loss revenue decline, increased cost of working, automatically.
How E-commerce Sellers Handle Insurance Claim
When preparing bank statements for insurance claim, e-commerce sellers need to E-commerce sellers receive batched payouts from marketplaces and payment processors, then reconcile these against individual order records. They need . BankScan AI automates the data extraction step.
Key terms you'll encounter: marketplace payout, settlement report, chargeback, FBA fees.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12-24 months pre-loss for baseline comparison, plus the entire loss period; business interruption claims may need 3+ years of historical data of statements for insurance claim.
AI extracts what you need
Our AI extracts Pre-loss revenue baseline, post-loss revenue decline, increa — formatted for e-commerce sellers workflows.
Complete your insurance claim work
Download Excel files ready for insurance claim. Month-by-month comparison of pre-loss versus post-loss periods, with seasonal adjustments shown; clear separation of insured versus uninsured losses
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for E-commerce Sellers — Insurance Claim
- Built for E-commerce Sellers — Saves 2-3 hours per week on marketplace payout reconciliation for sellers processing 500+ orders per month across multiple channels
- Software compatible — Output works directly with Xero, A2X, QuickBooks
- Built for Insurance Claim — Convert bank statements to structured Excel spreadsheets showing income patterns, loss periods, and transaction evidence for insurance claim submissions.
- Key data extracted — Pre-loss revenue baseline, post-loss revenue decline, increased cost of working, continuing fixed costs during interruption, any saved expenses or alternative revenue
Compliance: E-commerce Sellers + Insurance Claim
When e-commerce sellers prepare bank statements for insurance claim, specific compliance requirements apply.
- VAT registration is required above the threshold, and e-commerce sellers must account for VAT on sales to different countries under OSS rules. Making Tax Digital applies for VAT returns. HMRC has been increasing scrutiny of online sellers, requiring accurate income records from bank statements.
- Legal basis: Insurance Act 2015 (duty of fair presentation); policy-specific claims conditions; Financial Ombudsman Service rules on fair claims handling
Insurance Claim — Built for E-commerce Sellers
Most policies require notification within 30 days and full claim submission within 6-12 months; delays give insurers grounds to question or deny the claim
Try Free — E-commerce Sellers + Insurance Claim