Don’t be fooled by the name, Inland Marine Insurance has nothing to do with the ocean! Inland Marine Insurance is a coverage that protects movable property that is frequently transported from one location to another.
One of your drivers has the same route from Houston to San Antonio daily, and he transports baked goods from your bakery to another restaurant you own. One day, he crashes, and most of the product is lost. It’s a substantial financial loss, but luckily, you had Inland Marine Insurance.
The coverage typically includes protection against theft, damage, and loss due to accidents, weather events, or other unforeseen circumstances. The policy may also cover liability for damage caused by the insured property to other people or property.
Inland Marine Insurance can cover a wide range of property types, like:
- Goods in transit, like merchandise being shipped
- Property being transported by contractors, like construction equipment
- Property being held in storage
- Communications equipment, like radio towers or satellite dishes
Contact one of our agents today to learn how Inland Marine Insurance can benefit your business and get quoted!