Inland Marine Insurance: Protection That Moves With Your Business

It covers property in transit, mobile equipment, fine art, builder's risk, and instruments of communication and transportation.

Inland marine insurance covers movable or specialized types of property, protecting goods, equipment, and materials while in transit over land or stored off-site.

Historically, it evolved from ocean marine insurance, extending coverage to goods transported over land ("inland") rather than by sea.

It's a type of inland marine insurance that covers heavy machinery and equipment used by contractors, such as bulldozers and excavators.

Businesses that frequently transport goods, equipment, or tools, such as contractors, transportation companies, and vendors, should consider this coverage.

Yes, it typically covers theft, as well as damages from accidents and other perils during transit or off-site storage.

Property insurance covers items at a fixed location, while inland marine covers movable property and goods in transit.

A floater is a policy extension that covers property with high mobility, like tools or equipment frequently moved between locations.

A BOP may not cover property off-premises or in transit, so inland marine insurance provides additional protection for those exposures.

Premiums are based on the value of the property, type of goods, distance and method of transportation, and loss history.