Inland Marine insurance provides businesses with financial protection for business goods or materials that are under transportation. The transportation may be via trucks, trains, or automobiles. This coverage extends to instances where the property is in a storage facility or warehouse that is not the primary location of the business.

Inland marine insurance helps cover high-value items in transit that are excluded by standard property coverage. Standard property coverage only covers property that is within the primary business site but not when it's in transit or away from the site. Inland marine insurance coverage helps provide extra protection for property in transit.

The industries best served by Inland marine insurance are those that frequently ship property by land, those that own assets that move between business locations, businesses with property stored in a third-party location, or those with property and goods in vehicles that have constant motion. These industries may include but are not limited to;

 

• Contractors

• Entertainment companies

• Photography and film production

• Art and exhibition

• Farms

• Food and beverages

• Building design

• Landscaping

A few factors play a vital role in determining the cost a business will incur when they choose to use Inland marine insurance. They include;

 

• The type of business

• State and federal requirements

• Nature of the property

• Size of the business

• Limits of the coverage