Inland marine insurance is a specialized type of coverage designed to protect goods, equipment, and materials in transit or at temporary locations. It fills gaps left by other policies, such as builder’s risk or general liability insurance.
Key Features of Inland Marine Insurance
- Coverage for Transit:
- Protects construction materials or equipment being transported to or from job sites.
- Includes coverage for theft, accidents, or damage during shipment.
- Protection for Off-Site Assets:
- Insures tools, materials, or machinery stored at temporary locations or warehouses.
- Valuable Papers and Records:
- Covers loss of critical documents like blueprints or permits.
- Customized Policies:
- Tailored for specific industries, such as construction, where materials are frequently on the move.
Inland marine insurance provides peace of mind for businesses handling valuable assets outside of a fixed location. Consult your insurance provider to ensure your coverage is comprehensive and tailored to your needs.
