Inland Marine Coverage

When it comes to protecting your valuables in transit, inland marine coverage can end up saving you thousands. A type of transportation insurance, inland marine insurance provides essential benefits for your business property while it’s in transit or stored offsite, protecting valuable equipment, tools, and inventory from theft, damage, or loss.

Features of an inland marine insurance policy:

• Protection for goods in transit: Covers your business property, equipment, and inventory while being transported from one location to another.
• Coverage for offsite property: Protects tools, equipment, and materials stored or used away from your main business premises.
• Theft and damage protection: Shields against loss or damage, including damage during transit, caused by theft, vandalism, accidents, or natural disasters.
• Installation coverage: Provides protection for building materials and equipment during installation or construction at a job site.
• Property in the custody of a bailee: Protects the property of others that is in your care, custody, or control, such as items being repaired or stored.
• Special property insurance: Covers unique or high-value items that may not be fully protected under standard commercial property policies.

While the main job of this type of insurance is to protect commercial goods being shipped over land, it also covers personal property being shipped and expensive valuables that are stored at a home or business.

What it may not cover:

Inland marine insurance doesn’t cover goods transported by sea—ocean marine insurance is needed for that. It also won’t protect against normal wear and tear, inherent flaws in the items, or intentional damage. And remember, for buildings or vehicles transporting goods, you’ll need separate coverage like commercial property or commercial auto insurance.

Moving Your Business Forward

Inland marine risks can affect any business—whether you’re transporting goods or storing valuable assets like construction equipment at a job site. The right inland marine insurance is crucial to protecting your property from theft, damage, or loss. At Forward Insurance, our knowledgeable agents are here to guide you through the process and find the perfect coverage to keep your business protected.