What Is Inland Marine Insurance?

Sometimes your primary business location is not big enough to store all the necessary equipment for daily operations. But most commercial insurance policies will only cover property stored at a business’s main site and within 1,000 feet of the facility, so what do you do about equipment that is stored at a different warehouse or equipment in transit? Inland marine insurance can be an option for just this situation.

Inland marine insurance, despite its name, is a specific insurance policy that offers coverage for business equipment and property when it is stored at a third-party location or transported over land. It is especially beneficial for businesses that frequently transport items with high value. The two most frequent causes of losses include collisions and cargo theft, but inland marine insurance can offer businesses peace of mind so that they know they have protection for these situations.