Inland Marine Insurance Coverage by our Insurance Agency

Protecting Your Valuable Goods

Understanding Inland Marine Insurance

The term "inland marine" can be confusing, but it significantly differs from "marine insurance," which covers items transported over water. Inland marine insurance protects goods transported over land—whether by truck, rail, or temporarily stored by a third party. Collisions and cargo theft are the two most common causes of inland marine losses.
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Inland Marine Insurance

Key Insights into Inland Marine Insurance

Inland marine insurance is a vital business insurance type that covers products, materials, and equipment transported over land, such as by truck or train. It is designed to protect movable commercial property used for transportation or communication.

This coverage helps cover the expense of repairing or replacing portable commercial property damaged by insured perils, including:

  • Theft
  • Water damage
  • Fire
  • Wind
  • Hail

Additionally, inland marine insurance policies may offer extra coverage for specific scenarios, such as:

  • Mysterious Disappearance: Coverage for property lost without a known cause.
  • Accidental Damage: Protection against losses caused by dropping or mishandling items during transit or loading/unloading.

What Does Inland Marine Insurance Cover?

Inland marine insurance is a specialized property insurance type, which is optional for all businesses. However, businesses that meet the following criteria should consider this coverage:

  • Regularly transport property by land
  • Occasionally ship valuable goods
  • Own items that move between business sites
  • Store property at third-party facilities
  • Keep property in commercial vehicles (such as food trucks or repair vehicles)

Given the potential exposures like damaged equipment, contamination, and stolen goods, an inland marine policy can be tailored to address your business's risks. We can assist you in determining if inland marine insurance is a prudent choice for your business needs. Contact our Insurance Agency today!

There are several benefits to purchasing inland marine insurance, including

Frequently transport property over land
Occasionally ship high-value items
Own assets that move between different business locations
Store property in third-party owned locations
Use commercial vehicles regularly (e.g., food trucks, repair vehicles)

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Failure to complete a project
Permit requirements
Failure to meet standards
Employee theft

Failure to complete a project coverage

Risk Factors

A contractor might start a project but fail to complete it due to some reasons.

Solution

Surety bonds can be taken to guarantee that an insurance company will reimburse your client when your business fails to complete a project or fulfill a contract.

License/permit requirements coverage

Risk Factors

You may need a valid license or permit to apply for a particular project which can only be taken you get your license.

Solution

If you have surety bonds, you can get your license/permit on its security.

Failure to meet standards/regulations coverage

Risk Factors

A contractor might get booked for not meeting the standards of his work as promised.

Solution

Surety bonds can be taken to guarantee that an insurance company will reimburse your client when your business fails to meet its standards.

Employee theft coverage

Risk Factors

You may suffer a loss if any of your workers/employees steal anything on the construction site.

Solution

Surety bonds can be taken to reimburse the loss when your employee does something like this while at work.

At our Insurance Agency, we understand the importance of protecting your business assets. That's why we offer customized inland marine insurance policies that can be customized to meet the unique needs of your business. In addition, our experienced insurance professionals can help you assess your risks and find the right coverage to protect your business assets.

Contact us today to learn more about our inland marine insurance policies and how we can help protect your business assets.

Contact Us

Southwest Commercial Insurance

We will review your unique risks in order to find coverage that’s perfect just for you.
737.777.6420
Fax: 512.276.6755
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