Inland Marine insurance is a critical coverage that protects your company’s high-value materials, equipment, tools, and products that are being transported over land or stored at a temporary location or third-party site (including job sites). Allied Insurance Managers strongly recommends Inland Marine coverage for any business regularly transporting or storing materials, including:
Inland Marine insurance bridges the gap left by standard policies that provide only limited off-premises coverage. This insurance coverage offers protection for the following:
Inland Marine insurance protects company-owned tools and equipment against risks like theft, damage, and loss, while they’re on a job site, in transit, or in temporary storage.
Inland Marine insurance follows property away from a company’s primary address, covering tools, materials, and equipment being stored at a warehouse, at a third-party site, or other temporary location.
While Inland Marine insurance won’t protect your vehicle, it will protect equipment mounted on or transported by vehicles from theft or physical damage.
While not standard, Inland Marine policies can be endorsed to cover any equipment rented or leased by your company, providing significant protection against financial loss in the event of damage or loss.
Allied Insurance Managers is committed to helping businesses find and secure cost-effective, comprehensive, and robust commercial insurance policies. We help our clients understand which coverages are required or recommended based on company size and type, unique industry risks, and existing asset profiles. If you’re not sure if Inland Marine insurance is right for your business, contact us today!
We recommend contacting our team for a free quote. The total cost will vary based on transit frequency and distance, the value of the protected assets, claims history, industry risk profile, and more.
Company vehicles or stationary items at a fixed/known location, such as the company’s primary address, are not covered under Inland Marine insurance. This coverage also excludes intentional damage, normal wear and tear, and standard risks covered by commercial liability, commercial auto, or commercial property policies.
No. Inland Marine insurance covers equipment, materials, and products transported over land. Ocean/marine insurance covers vessels and cargo on water.
Any business that transports goods over land, regularly uses mobile equipment, or stores property off-site should consider Inland Marine insurance.
Inland Marine coverage is designed to fill in gaps left by standard property insurance, which only protects items in a fixed, predetermined location. Coverage is activated when assets are being transported, temporarily stored, or in the custody of a third-party bailee.
Yes. Although this type of coverage is not a standard part of the basic BOP, insurers can add endorsements when applicable.
Damage from lightning, fire, or explosions; vandalism or theft; hail or wind damage; water damage; damage from transportation collisions; and, in some policies, mysterious disappearances.