Inland Marine Insurance

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When business insurance first became popular, Ocean Marine Insurance was a commonly purchased policy. An Ocean Marine policy is meant to protect cargo shipped via the sea. Those looking for Transport Liability Insurance specific to marine cargo should consider this policy.

As times changed, so evolved shipping and insurance needs.

If your business is shipping cargo on land, we’d like to introduce you to Inland Marine Insurance. The insurance that protects your cargo after it leaves the ocean.

Read on to understand if this type of insurance is right for your business.

What Inland Marine Insurance Is All About:

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What Is Inland Marine Insurance?

Commercial Inland Marine Insurance, from a very basic level of understanding, covers cargo that spends very little time, and sometimes no time at all, on the water. In today's world, we ship to all kinds of places instead of just the major port cities. That means that goods are transferred to trains, planes, barges, and many other forms of transportation to get them to their final destination. If shipping companies only wanted to protect items that were transported on the water, they would be fine with Ocean Marine Insurance. However, to protect the cargo the remainder of the way, this type of insurance is important to have.

It may seem as though there should be a policy that covers both ocean and land transportation at the same time. If you use both methods of transporting your goods, then it might even seem redundant to purchase both policies. Unfortunately, if you want protection on both, then you need to have both Ocean Marine Insurance and Commercial Inland Marine Insurance. A Commercial Inland Marine policy doesn't just protect the goods that are currently in transit. It protects the goods even while they are not moving during the shipping process and sometimes during the delivery process and beyond.

What Does Inland Marine Insurance Cover?

Getting Into the Details...


Coverage for transit companies that deliver for their clients. Example: Covers items while in transit.

Commercial Computer

Coverage for commercial businesses with high technology assets. Example: this coverage provides protection for all of your commercial computers, laptops, and servers.

Bailee's Customer

This coverage is designed to protect a client's property while it is in the Bailee's care. Example: coverage for when the property is not currently in transport but is with the Bailee and still technically in your possession.

Motor Truck Cargo

This coverage in the policy will protect the goods of your client while you are delivering them. Example: coverage when you are delivering the items, not transporting them.

Builder's Risk

Coverage during a construction project that protects the structure as well as the construction materials. Example: this type of coverage is ideal for contractors and builders because it protects materials and structures during renovations or even construction projects.

Installation Floater

Coverage for materials you are delivering until they are given to the recipient. Example: this covers materials from a trade from the moment you load them for transport until they are accepted, installed, or put to use.

Exhibition and Fine Arts

Coverage for highly valued art and exhibitions. Example: this is coverage for companies in the arts industry. It covers items on display and keeps them protected while on loan, in transit, and on exhibition.

Contractor's Equipment

Coverage for construction tools and machinery. Example: this coverage is popular with contractors because it protects tools and machinery at job sites, at storage yards, and all points in between the two locations.

Do I Need Inland Marine Insurance?

This insurance will come in handy if:

  • You ship cargo on land
  • You ship high value items or high volumes of lower value items
  • You have other types of property that is constantly moved from one place to another
  • The property has a chance of being damaged or lost during transport
  • You want to protect your business from a potential loss
  • You want to protect your business from potential liability

Who is covered by Inland Marine Insurance?

  • Your Business

  • Your Customers

  • Your Vendors

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What Are the “Limits” on an Inland Marine Insurance Policy?

The limits on this insurance will vary based on the coverage you have and the limits you have. Keep in mind that Commercial Inland Marine Insurance is a customizable type of insurance based on the type of business you are in and how much coverage you need. There are no current state requirements for this insurance which means you can get as much or as little protection as you want for your business.

Since this insurance type is not a required insurance, nothing is forcing you to get it. However, it is a broad kind of insurance which means it can provide a lot more coverage for your business. It covers things that Ocean Marine Insurance does not cover and can help fill in the gaps with protection that can save your company a lot in potential losses.

In addition to that...

Commercial Inland Marine Insurance covers items that are transported off of the sea. This can include train transit, air transit, and much more. It cannot prevent someone from suing a company if items are lost but it can protect the company from losing a lot of money to cover the loss.

You'll Know It’s the Right Policy If It Covers:

  • Property in transit
  • Property that is being held in custody of the bailee
  • Mobile medical equipment
  • Contractors equipment
  • Property that is deemed to be an instrumental part of transportation or communication like radio towers or bridges

What Does Inland Marine Insurance Not Cover?

  • Unshipped items

  • Damages items

  • Damage to construction sites

  • Intentional damage

How Much Does Inland Marine Insurance Cost?

The cost of a Commercial Inland Marine policy will depend on your business size, the amount of protection you want and any state required limits you’ll need to meet. The best way to to get a true idea of cost is to get a quote specifically for your business and to review it carefully to make sure all of your concerns are truly covered. Filling out Commercial Inland Marine Coverage forms will help start the process.

Frequently Asked Questions

What does cargo mean?

Cargo, for insurance purposes, means the product or goods that you are transporting from one place to another. This could be anything from food to liquid to paper products.

Is an Inland Marine policy a separate policy from my General Liability?

An Inland Marine insurance policy will be separate from General Liability insurance. While it may be added to a package policy, it is often a separate policy.

Is equipment floater the same as Inland Marine?

An Equipment Floater is a type of Inland Marine insurance policy. An easy way to understand what Inland Marine insurance covers is to think of it as a policy for things that are mobile. This includes equipment, whether for a construction company or a farm.

Do you need more coverage?

Medical Malpractice

Medical Malpractice coverage is liability insurance that protects physicians and other licensed medical professionals from liability associated with wrongful practices resulting in medical expenses and property damage, bodily injury, as well as legal costs related to patient claims.

Ocean Marine

This insurance protects cargo, vessels and other items that are being transported over water. The vessel owner and the cargo owner are covered under this type of insurance.

Health Insurance

This insurance is incredibly important to the health and happiness of your employees.

Hired & Non-Owned Auto

If your company hires vehicles or allows employees to borrow company vehicles for business purposes, you will need this insurance. It will cover claims of personal injury and property damage should something go wrong on the job.

Business Interruption

Business Interruption Insurance covers you for lost income if your company has to vacate its location due to damage caused by a disaster, such as a fire. This policy also covers operating expenses, such as electricity, that continue to bill even though your business activities are on pause.

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