Inland Marine Insurance To Protect Your Business
Inland marine insurance is a type of business insurance that helps cover products, materials and equipment while they are transported on land, such as by truck or train. This coverage is meant to help protect business property that is movable or used for transportation or communication purposes.
Inland Marine insurance provides financial protection for a business’s property that is transported on land. This can include equipment, products, parts and materials being shipped “inland” by automobiles, trucks and trains. Coverage extends to property that is owned or in a business’ care related to construction, transportation, fine art and renewable energy.
Our strong focus on specialized segments gives us a deep understanding of their unique needs and associated risks. We offer a wide array of additional insurance offerings that stand alone or can complement our focused industry segment products. Other industries we serve include communications, manufacturing, municipalities, and specialized equipment.
What Is Inland Marine Insurance?
Inland Marine insurance is property coverage for material, products or equipment that moves or is transportable, and/or is instrumental in transportation or communication. This type of policy also typically covers property that is owned by someone else but stored at the policyholder’s location.
What Does Inland Marine Insurance Cover?
Inland Marine insurance may help cover items that are typically excluded by property coverage, such as items of high value. The coverage helps meet the costs to repair or replace covered property that is damaged due to covered events including theft, fire, wind, hail or water damage. This type of coverage may also include protection from damage or loss due to accident or mishandling, or in the event of an undetermined cause of missing property.
Inland Marine insurance typically covers:
- Property that is being transported
- Property that moves or will be moved between locations
- Computer, television, video, sound or radio equipment
- Electronics
- Medical diagnostic equipment
- Party and special event equipment
- Fine art and collectibles
- Bridges and radio towers
- Trade show exhibits
- Solar panels and wind turbines
- Miscellaneous property