Movable property and equipment are essential for your business operations and are often used in the field. However, they are exposed to several risks (e.g., severe weather and fire) that could damage or destroy them, or they may be stolen. Inland marine insurance may provide financial protection for this type of business property and help your business recover after one of these incidents. 
The knowledgeable team at Bone, Robertson & McBride Inc can help you get the inland marine insurance policy that meets your operation’s needs. Contact us today for more information – don@brmins.com.
Why Is It Called Inland Marine Coverage?
Inland marine insurance evolved from marine insurance. Originally, marine policies insured goods as they were transported over water (i.e., ocean marine insurance). As shipping methods changed to include more trains, trucks and other vehicles, “inland” marine insurance emerged to cover a business’s property as it was transported over land.
Additionally, inland marine insurance may provide coverage regardless of the property’s location. This is why it is sometimes referred to as a “floater” policy.
What Does Inland Marine Insurance Cover?
Inland marine insurance may supplement your other commercial insurance policies by insuring your business property while it is away from the your business premises against covered causes of loss such as theft or severe weather.
Examples of property inland marine insurance covers include:
- Cargo transported over land
- Business property away from your business premises
- Your business’s property that a third party is storing temporarily
- Property of a third party in your business’s care, custody or control
- Specialty equipment and tools
Coverage for other business property and equipment may be available, and specific types of protection that fall under inland marine insurance umbrella include:
- Builder’s risk insurance may cover property (e.g., supplies and building materials at the construction site, stored off-site or in transit) during construction projects
- Contractors tools and equipment insurance may cover tools and equipment that meets specific age and value criteria.
Contact Us to Get Inland Marine Insurance
The Bone, Robertson and McBride professionals can help your business obtain the inland marine insurance that meets your needs. We can provide details on options, limits and exclusions. Contact us today for more information or to request a quote – don@brmins.com
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.