Inland Marine
Inland marine insurance involves coverage for risks that are unique in nature and change frequently. The insurance indemnifies loss to moving or movable property and the property that is insured under inland marine coverage is typically one of the following:
- Actually in transit
- At a fixed location that is an instrument of transportation
- Held by a bailee
- A movable type of goods that is often at different locations
Our Capabilities
We are able to place this coverage in all states and we specialize in:
- Hard to place programs
- New programs
- Companies that have had a significant number of claims
- Companies going through change, such as a sale
- Companies experiencing rapid growth
Target Markets
Inland marine insurance can protect losses to goods that can occur at their premises, while being transported to or from their premises or in storage. Claims can develop from many scenarios, including:
- Contractors / Construction
- Trucking
- Trade (wholesaler and distributor)
- Manufacturing
- Technology
- Health Care
Who Needs Inland Marine Insurance?
Inland marine insurance can protect losses to goods that can occur at their premises, while being transported to or from their premises or in storage. Claims can develop from many scenarios, including:
- Damage by fire caused by mechanical breakdown
- Arson of your equipment
- Snow, ice or water damage
- Vandalism or malicious mischief
- Wind from thunderstorms that causes damage to property
- Theft of items from your vehicle’s trunk or place of business
- Lightning striking your equipment
Items Typically Covered Under “Inland Marine”
- Accounts Receivable
- Ambulance Equipment
- ATM Machines
- Bailee Customer’s Goods
- Catering Equipment
- Communication Towers and Equipment
- Computer Coverage
- Concession Stand-Mobile
- Contractors Equipment
- Commercial Floaters
- Dealers
- DJ Equipment
- Exhibition Property
- Fine Arts
- Furriers
- Go Karts
- Golf Carts
- Installation
- Janitorial Equipment
- Jewelers
- Laundry Equipment
- Leased Property
- Medical Equipment
- Mobile Medical Equipment
- Mortician’s Equipment
- Motor Truck Cargo
- Museums
- Musical Instruments
- Photography Equipment
- Pool Cleaning Equipment
- Processing Risks
- Radio or TV Studio Equipment
- Rigger’s Liability
- Scheduled Property
- Sports Equipment
- Theater Property
- Transportation
- Trip Transit
- Valuable Papers
- Vending – Candy/Snacks/Stamps/Videos
- Videographer Equipment
- Warehouse Legal
Common Exclusions
- Inventory shortage
- Unexplained disappearance
- Automobile or vehicles licensed for the road
- Consumable property
What We Need
- Completed application from another company as long as all underwriting information requested has been obtained and signed within 21 days of binding
- Completed Acord Application
- Completed system produced application signed by insured within 21 days of inception
- Representation of incurred loss history for the past three years
