Inland Marine Insurance

Inland marine insurance is a type of insurance that covers property in transit or mobile equipment. It is primarily designed to protect property that is not stationary or located at a fixed address. The term “marine” is a holdover from the past when this type of insurance primarily covered cargo transported by ships.

Inland marine insurance covers a wide range of property types, including:

Equipment and tools that are used at job sites or locations away from the business’s primary location.

Property that is being transported by truck, train, or other modes of transportation.

Property that is in the custody of a bailee, such as a warehouse or storage facility.

Communication and computer equipment, such as laptops and mobile phones that are frequently taken off-premises.

Inland marine insurance policies can be customized to meet the specific needs of a business. They typically cover property loss or damage due to various perils, such as theft, fire, and natural disasters. Some policies may also include coverage for business interruption or loss of income resulting from property damage.

Inland marine insurance is often used by businesses in the construction, transportation, and communication industries. It provides coverage for property that is frequently on the move and not covered by traditional property insurance policies.