Inland Marine Insurance
Your tools and products are not always on location with you. Whether you are working offsite or your products are being shipped to a third-party destination, Inland Marine insurance ensures that your goods are covered in the event of loss or damage. This type of insurance can save your business from having to pay out-of-pocket to replace your items. While you may have commercial property insurance to cover some of your tools or products, there are typically limits to how far away these items can be from your covered location and still be insured against loss or damage.
Items and Businesses that may be covered under Inland Marine insurance include:
- Computer data and equipment
- Camera equipment (photography)
- Mobile operations (tools and products)
- Art (transport from gallery to customer, etc.)
- More!
Let the local independent insurance experts at Heaton Bennett Insurance in Austin, TX assist you with an Inland Marine insurance policy for your business. Our agents will help you determine what may or may not be covered under this type of policy and can also assist you with getting other crucial insurance your business may need. Ask them today about Business Owner’s, Commercial Umbrella or Workers Compensation. Contact Heaton Bennett Insurance for all your business needs.
Frequently Asked Questions
What types of property can inland marine insurance cover?
Inland marine insurance may be available for tools, equipment, materials, valuable property, or customers’ property that moves between locations or is stored away from the primary premises. Eligible property varies by policy.
Is property covered while being transported?
Transit coverage may be available for eligible property transported by the insured or another party. Coverage depends on the property, transportation method, destination, limits, and policy terms.
How is inland marine insurance different from commercial property insurance?
Commercial property insurance typically focuses on property at listed business locations. Inland marine insurance can address certain movable property or items located temporarily away from the primary premises.
Can rented or leased equipment be insured?
Coverage may be available for eligible equipment that a business rents or leases. Texas businesses should review rental agreements and confirm applicable limits, valuation methods, and deductibles.
Does inland marine insurance cover theft from a vehicle or jobsite?
Certain theft losses may be covered, but policies can include security requirements, exclusions, or sub-limits. Businesses should review how and where their property is stored.