Although it sounds like a policy to protect your soldier stationed at home, it’s actually coverage intended for property in your care as it travels from location to location. Perhaps you are taking jewelry off premises to a new store, or valuable musical instruments out to private clients for lessons, this policy would watch over you during every step.
The four common Inland Marine policies that we write most often include:
- Buildings Under Construction
- Computer Equipment & Data
- Contractor’s Equipment
- Property being Transported
This coverage can protect many expensive and unique property situations, like:
- Bailee’s Coverage (Property Accepted for Cleaning or Repairs)
- Camera & Musical Instruments
- Exhibition Floater
- Equipment Dealers
- Fine Arts
- Furriers Block
- Jewelers Block
How do I know if my business would need Inland Marine Insurance?
Depending on the business you own, this coverage can play an important role in protecting your valuable business property. Take a second to think about the items you place in your car or truck daily, or the valuables (including data) in your possession, do you feel safe at all times? Most property policies limit or exclude coverage for these items, so we like to have a back-up plan ready to go.
Is this something you would recommend for a jewelry repair shop?
If you clean, repair, service or perform work on the property of others, an Inland Marine policy will be an essential part of our custom insurance plan for you. It can cover losses to goods that occur within your premises, during transportation to or from your premises, or while in storage.
Would a moving company need this type of protection?
No, in your case we would focus on a custom coverage plan for your business that would include cargo insurance. Although there is a chance Inland Marine coverage could be needed for some of your tools or equipment. Give us a call to chat with one of our team members about the specific risks you face.