Inland Marine Insurance for Equipment, Tools, and Property That Moves.

What Is Inland Marine Insurance?

Despite the name, inland marine insurance has nothing to do with the ocean. It's a broad category of commercial coverage designed to protect property that is mobile, in transit, or stored at a location other than your primary business premises — situations where standard commercial property insurance typically falls short.

Inland marine insurance generally covers contractor's tools and equipment, mobile machinery and heavy equipment, goods in transit by truck or rail, property stored at job sites or client locations, installation floaters for equipment being installed, and specialized equipment used in construction, healthcare, technology, and other industries. It is sometimes called a floater policy because it follows the property wherever it goes.

Contractors, construction companies, service businesses, photographers, medical equipment companies, equipment rental firms, and any business that regularly moves valuable property or tools off-site are common buyers of inland marine coverage. A general contractor whose tools are stolen from a job site, a caterer whose equipment is damaged in transit, or a medical company transporting diagnostic equipment between facilities all face gaps that inland marine insurance is designed to close. Coverage can often be tailored to the specific types and values of property your business depends on.