Inland Marine Insurance
Don’t let the term “inland marine” confuse you. As opposed to “marine insurance,” which covers products when transported over water, inland marine insurance covers products, materials and equipment when transported over land—e.g., via truck or train—or while temporarily warehoused by a third party. Collisions and cargo theft are the two most frequent causes of inland marine losses.
What Does Inland Marine Insurance Cover?
Inland Marine insurance may help cover items that are typically excluded by property coverage, such as items of high value. The coverage helps meet the costs to repair or replace covered property that is damaged due to covered events including theft, fire, wind, hail or water damage. This type of coverage may also include protection from damage or loss due to accident or mishandling, or in the event of an undetermined cause of missing property.
Inland Marine insurance typically covers:
- Property that is being transported
- Property that moves or will be moved between locations
- Computer, television, video, sound or radio equipment
- Electronics
- Medical diagnostic equipment
- Party and special event equipment
- Fine art and collectibles
- Bridges and radio towers
- Trade show exhibits
- Solar panels and wind turbines
- Miscellaneous property
General Liability
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.
Workers' Compensation
Workers' Compensation Insurance, also known as Workers' Comp, can help give your employees the benefits they need if they suffer a work-related injury or illness. Each state has its own respective workers' compensation insurance laws.
Commercial Auto
Commercial auto insurance is needed to cover the cars, trucks, and vans used in conducting your business. Large fleets, as well as small businesses, should be properly covered by a commercial auto insurance policy.
Business Property
Type of business insurance, also known as commercial property insurance or business personal property insurance, helps protect the owned or rented equipment, building and personal property at your company.
Excess Liability
Excess liability insurance increases the limits of an existing insurance policy, usually a commercial general liability insurance policy.
Inland Marine
Inland Marine insurance provides financial protection for a business’s property that is transported on land.