What is Inland Marine Insurance?

Inland marine is often referred to as a “floater” policy because its coverage follows the insured property wherever it goes. It helps cover the cost of replacing or repairing equipment if it’s stolen, lost, or damaged. This coverage extends to items regularly leaving the insured premises, whether in the custody of the insured or entrusted to a third party. Deductibles may apply.

You might assume your equipment is covered under a commercial property policy, but standard commercial property insurance typically only protects items kept at the specifically listed location. Inland marine insurance fills this gap by protecting your property when it’s on the go or stored at non-owned premises, such as job sites.

Key Features:

• Coverage: Protects items like tools, equipment, electronics, fine art, and more.
• Purpose: Ideal for businesses frequently moving goods or equipment between locations.
• Flexibility: Covers transportation methods such as air, rail, truck, and car, as well as property at job sites or temporary storage.

Inland Marine Insurance is an essential safeguard for businesses with valuable property in transit or at multiple locations. 

A deductible is the amount you pay out of pocket before your insurance kicks in to cover the remaining cost of a claim.

Example:

• If your deductible is $500 and your covered claim is $2,500, you pay $500, and your insurance covers the remaining $2,000.

Choosing a higher deductible may lower your monthly premium, but it means paying more out of pocket for a claim.

• Construction Companies  
• Moving and Storage Companies  
• Event Planners 
• Landscaping Businesses 
• Restoration Companies 
• Towing Companies 
• Technology and IT Companies
• Plumbers
• Janitorial Services
• Flooring 
• Roofing
• Barbers
• Screen Printing
• Restaurants
• Catering Businesses 
• 
  

And many more, your business may use it too! Contact us to see about potential coverage!