Inland Marine insurance is coverage for property in transit over land, moveable property or legal liability exposures of bailees. Commercial property policies are often insufficient for for these types of exposures because you are generally limited to 100 feet from the described premises. For this reason, Inland Marine coverage exists.
The most common types of Inland Marine policies are: Bailee’s Customer Coverage, Builders Risk, Installation Floater, Motor Truck Cargo, Contractor’s Equipment and Medical Equipment.
Bailee’s Customer Coverage
Protects clients’ property left in the care, custody or control of your business – e.g. warehouses, repair shops, etc.
Protects commercial buildings under construction or renovation.
Protects materials being used for installation while they’re being loaded onto truck and until they are finished being installed at end location.
Motor Truck Cargo
Insures client property while in transit to delivery location.
Covers equipment owned or rented by Contractors.
Protects equipment being used in the medical or healthcare industry.