Inland Marine
Insurance
Inland Marine Insurance
Inland Marine Insurance: Protecting Your Property on the Move
Your business assets aren’t always confined to a single location. Whether you’re transporting expensive equipment to a job site, moving valuable goods across the country, or have specialized tools that travel with you, your property faces unique risks once it leaves your premises.
At Attiv Insurance, we provide Inland Marine Insurance—a specialized policy designed to protect your vital assets while they are in transit or temporarily off-site. It’s the coverage that moves with your business, ensuring your property is protected no matter where work takes you.
At Attiv Insurance, we provide Inland Marine Insurance—a specialized policy designed to protect your vital assets while they are in transit or temporarily off-site. It’s the coverage that moves with your business, ensuring your property is protected no matter where work takes you.
What Is Inland Marine Insurance?
Despite its name, Inland Marine Insurance has little to do with the sea. The term is a historical one from a time when most cargo was transported by water. Today, it refers to coverage for property that is mobile, in transit over land, or involves unique equipment and assets.
While your Commercial Property policy typically covers assets at your primary business address, it often provides limited or no coverage for property once it’s on the road, at a temporary storage location, or on a client’s site. Inland Marine Insurance fills this critical gap, safeguarding your valuables against risks like theft, damage, or loss during transport.
While your Commercial Property policy typically covers assets at your primary business address, it often provides limited or no coverage for property once it’s on the road, at a temporary storage location, or on a client’s site. Inland Marine Insurance fills this critical gap, safeguarding your valuables against risks like theft, damage, or loss during transport.
Why Is This Coverage So Important?
Imagine arriving at a job site only to discover that thousands of dollars’ worth of tools have been stolen from your truck. Or consider a scenario where a custom piece of equipment is damaged while being transported to a client.
Without Inland Marine coverage, you would be responsible for the full cost of replacing these items, potentially causing significant project delays and financial strain. This policy is a crucial risk management tool that protects the movable assets that are essential to your daily operations and revenue.
Without Inland Marine coverage, you would be responsible for the full cost of replacing these items, potentially causing significant project delays and financial strain. This policy is a crucial risk management tool that protects the movable assets that are essential to your daily operations and revenue.
What Does It Typically Cover?
Inland Marine Insurance can be tailored to cover a wide variety of specialized and mobile property. Common coverages include:
Contractor’s Equipment
Protects machinery and tools used by contractors, such as excavators, forklifts, and hand tools, whether they are in transit or at a job site.
Motor Truck Cargo
Covers goods and materials being transported by your business for a client. If the cargo is damaged or lost, this policy helps cover the client’s loss
Property in Transit
Safeguards your own property, such as computers or trade show materials, while being transported in your vehicles.
Valuable Papers and Records
Provides coverage to reproduce essential documents, like deeds or blueprints, that are lost or destroyed.
Accounts Receivable
Helps recoup losses if your accounts receivable records are damaged, preventing you from collecting payments from customers.
Who Needs Inland Marine Insurance?
This coverage is vital for any business that moves equipment, materials, or products. It is especially important for:
Contractors and Tradespeople
who bring tools and equipment to various job sites.
Transportation and Trucking Companies
responsible for hauling cargo.
Businesses with Mobile Operations
like food trucks or mobile pet groomers.
Art Galleries and Museums
that transport valuable pieces for exhibitions.
Technology Companies
moving sensitive servers or computer equipment.
Secure Your Assets in Motion with Attiv
Don’t let a mishap on the road jeopardize your business. At Attiv Insurance, our specialists will help you identify your mobile risks and build an Inland Marine policy that keeps your valuable property protected, wherever you go.
Keep your business moving forward with confidence.