Inland marine insurance is a vital business insurance type that covers products, materials, and equipment transported over land, such as by truck or train. It is designed to protect movable commercial property used for transportation or communication.

This coverage helps cover the expense of repairing or replacing portable commercial property damaged by insured perils, including:

• Theft
• Water damage
• Fire
• Wind
• Hail

Additionally, inland marine insurance policies may offer extra coverage for specific scenarios, such as:

• Mysterious Disappearance: Coverage for property lost without a known cause.
• Accidental Damage: Protection against losses caused by dropping or mishandling items during transit or loading/unloading.

Inland marine insurance is a specialized property insurance type, which is optional for all businesses. However, businesses that meet the following criteria should consider this coverage:

• Regularly transport property by land
• Occasionally ship valuable goods
• Own items that move between business sites
• Store property at third-party facilities
• Keep property in commercial vehicles (such as food trucks or repair vehicles)

Given the potential exposures like damaged equipment, contamination, and stolen goods, an inland marine policy can be tailored to address your business's risks. We can assist you in determining if inland marine insurance is a prudent choice for your business needs. Contact our Insurance Agency today!