Inland marine insurance, also known as commercial equipment insurance, safeguards your business’s equipment, inventory, and materials during transportation.
Secure your valuable goods and equipment in transit or storage.
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Bennett and Porter provides customized commercial inland marine insurance options that ensure your business's goods are protected against theft, damage, and loss during transit. Our experienced insurance brokers help you get the tailored coverage you need, beyond what a standard commercial policy may provide.
Whether it's ensuring the safety of goods during transit or mitigating losses due to accidents or theft, inland marine insurance is an essential safeguard for businesses in the transportation and logistics industry. With its specialized coverage, you have reliable protection for valuable equipment, machinery, and movable property.
Specialized equipment is precisely designed to meet the unique requirements of particular industries or needs. Inland marine insurance may provide coverage for high-value, portable technical devices like medical equipment, scientific instruments, and communication gear during transportation or temporary off-site storage.
This form of inland marine insurance is commonly referred to as equipment floater insurance. It provides coverage for the loss, damage, or theft of a contractor's tools or equipment, regardless of where the incidents occur. Instances can occur at the contractor's place of business, job site, or during transportation.
Inland marine insurance policies provide coverage for construction equipment such as cranes, bulldozers, and other heavy machinery. This coverage protects against risks such as theft, damage, and natural disasters, whether the equipment is in transit or located at a job site.
Inland marine insurance safeguards valuable artwork, antiques, and collectibles during transportation or temporary storage outside museums or galleries. This type of insurance provides assurance that fine art assets will be preserved and financially safeguarded against potential risks like damage, theft, or accidental loss.
Inland marine insurance extends coverage of electronic equipment, including computers, servers, networking infrastructure, satellite dishes, and other technology devices. Whether you manufacture, install, or simply move these items, chances are they are frequently moved between locations.
Medical equipment insurance is crucial for healthcare providers using portable medical devices such as wheeled items, monitoring equipment, and portable X-ray machines. Without it, you could face exorbitant repair or replacement costs if these portable devices are damaged, lost, or stolen during transportation or usage outside the primary facility.
Installation floater insurance, also called equipment transportation coverage, is a wise option for individuals who frequently move their equipment to various job sites. This type of insurance is particularly beneficial for industries and professions such as landscaping, construction, plumbers, electricians, and carpenters.
Electronics are susceptible to accidental damage, loss, or theft when being transported between different job sites, client locations, or off-premises. If you regularly work with and transport computer systems, personal computers, communication gear, and cameras, it is crucial to consider specialized commercial equipment insurance.
Inland marine insurance may offer specialized protection for a wide range of movable properties frequently on the move or stored in various locations. Repair and replacement may be offered for your insured items.
If your belongings are stolen, you can have peace of mind knowing that your insurance will compensate you for the cost of replacing them. Moreover, companies responsible for storing or transporting customer possessions can depend on inland marine bailee's coverage to safeguard against liability in the event of theft.
Inland marine insurance policies usually offer protection against direct physical harm or loss to insured property caused by fire, regardless of its location. This includes fire damage that may happen while the property is being transported, at construction sites, in temporary storage, or any other place.
Inland marine insurance policies generally provide coverage for direct physical loss or damage to insured property caused by select weather-related events. Many policies also offer to reimburse the cost of replacing the damaged item with a new one of comparable type and quality.
Let Bennett and Porter secure comprehensive protection for your valuable assets with an inland marine insurance policy tailored to your specific needs. Our professional brokers shop across multiple insurance carriers to find coverage that includes protection against loss, damage, or theft, whether you frequently transport equipment or operate in multiple locations. Contact us today for peace of mind in your business operations.
Inland marine insurance offers specialized protection for businesses to safeguard their movable or transported property and equipment. This coverage ensures that businesses are covered in case of any damage or loss during transit.
Inland marine insurance for commercial equipment has a few limitations. For one, it does not extend to property damages that occur before loading. Additionally, it may not cover the following: vehicles, stationary property, flood damage, and anything transported by air and sea.
The key benefit of inland marine insurance is that it covers mobile or in-transit property. This covers property in temporary care, movable property at fixed locations, and high-value business property not covered by a standard commercial property policy.
