Your Insurance Questions Answered

It's a type of inland marine insurance that covers loss or damage to goods while being transported by a for-hire trucker.

Yes, it can cover computers, servers, and data processing equipment, especially when transported or used off-site.

Report the loss to your insurer promptly, provide documentation like inventories or bills of lading, and cooperate with any investigations.

Yes, policies usually have deductibles that you must pay before the insurance coverage kicks in.

Exclusions may include wear and tear, intentional acts, government actions, or losses due to nuclear hazards.

It provides essential protection for valuable property that isn't confined to a single location, safeguarding against potential financial losses.

Any business that owns or leases physical space and assets should consider this coverage to protect against potential losses.

Yes, policies can be customized with specific coverages and limits to match the unique risks of your business.

Typically, no. Inland marine covers domestic transit; international shipments may require ocean marine insurance.

It protects your business's physical assets, such as buildings, equipment, inventory, and furniture, against losses from events like fire, theft, or natural disasters.

Replacement Cost: Covers the cost to replace the property without depreciation. Actual Cash Value: Covers the depreciated value of the property at the time of loss.

Exclusions often include floods, earthquakes, wear and tear, and intentional acts. Separate policies or endorsements are needed for excluded perils.

Factors include the property's location, construction materials, occupancy type, protective devices, and the chosen coverage limits and deductibles.

Commonly covered perils include fire, theft, vandalism, windstorms, and some types of water damage.

It covers the building, contents within the building, exterior fixtures, inventory, and sometimes property belonging to others in your care.

Yes, it's often included in a Business Owner's Policy (BOP) along with general liability insurance.

Yes, you may still need coverage for your business's contents and any improvements you've made to the leased space.

Conduct a thorough inventory of your assets, assess the cost to rebuild or replace them, and consider potential risks specific to your location.

Standard policies may not; you might need inland marine insurance for property that moves between locations.

Not automatically. You can add business interruption insurance to cover lost income and operating expenses if your business is temporarily shut down due to a covered loss.

It requires you to insure your property to a certain percentage of its value (usually 80% or 90%); failing to do so may result in reduced claim payments.

It provides a single limit of insurance that applies to multiple properties or types of property, offering more flexibility.

Yes, you can add equipment breakdown coverage to protect against mechanical or electrical failures of equipment.

Notify your insurer immediately, document the damage with photos or videos, provide an inventory of lost or damaged items, and cooperate with the adjuster's assessment.