What is perhaps one of the most counterintuitively-named coverages in the industry is simultaneously one of the most important for industries like construction, landscaping, shipping, and more. In fact, it’s critical insurance coverage for any business that frequently transports property, merchandise equipment, or assets, as well as any business that handles property owned by others like an auto garage.
The name “inland marine insurance” is derived from its origins as a variant of ocean marine insurance (one of the oldest forms of insurance), which offered coverage for goods and cargo as they were moved overseas. If additional transport was needed once that cargo reached land, that was given protection under an inland marine policy.
To best illustrate the type of protection provided by inland marine today, we’ve outlined a few examples by industry below:
The properties, industries, and circumstances covered by inland marine insurance are far from limited to the examples listed above. Whether you’re unsure if your business needs this or you’re ready to start building your policy, it’s important to speak to a qualified industry professional.
Working with the right provider will allow you to know that your individual risks are covered and that you’re not going to be paying for anything you don’t need. Inland marine can be written as a risk-specific or as an all-risk policy, and can include expanded coverage options for the following:
With so much to consider, let us help you get connected to your best carrier match so you can get the right plan at the right price. Fill out the quote request form today, and you’ll receive a free quote and consultation to get your business headed in the right direction.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.