Originally created to extend Ocean Marine coverage to protect goods as they were transported across the country, Inland Marine coverage has since evolved to provide a variety of specialized property and legal liability protection to businesses.
With regard to property coverage, Inland Marine is most commonly associated with moveable property and goods carried in domestic transit. For example, a manufacturer’s product being shipped, a museum collection that travels to various sites, equipment owned by a contractor or mobile medical equipment are all Inland Marine coverages. In addition, fixed property used in communications and transportation is also included in the definition of Inland Marine. This includes computers, bridges and radio/television broadcasting equipment. Buildings under construction or installation projects are another major category of Inland Marine.
Inland Marine also offers legal liability coverage for the property of others while in your business’s care, custody or control. For example, legal liability for cargo being carried; a rigging company lifting another company’s machinery; or the responsibility of a warehouseman for goods in his custody are several of the diverse areas that can be underwritten.
Inland Marine Insures your valuable equipment, including tools at your place of business, at job sites, and while being transported. It can also include coverage on your electronic data processing.