Insurance for Business Cargo and Equipment
Basic commercial policies exclude or limit coverage for the transportation of business-related tools, equipment or property.
Such exceptions are, in fact, fairly standard in the insurance industry. If your business owns equipment that requires regular moving, this lack of coverage can pose a significant peril to your assets. As the business owner, it’s your responsibility is to make sure any coverage gaps are sealed.
What Does Inland Marine Insurance Cover?
Inland marine insurance can be purchased for a wide array of equipment types and coverage scenarios:
- Machinery and tools used by contractors and specialized craftsmen
- Coverage for equipment installed at a customer's home or place of business
- Commercial photography equipment coverage
- Coverage for most musical instruments
- Coverage for art galleries and pieces of fine art
- Dealers service coverage (e.g., property and/or equipment used for installation, servicing, or repair).
- Coverage for vending machines located on property not owned by your business
- Coverage of goods, equipment, etc., that your business sends or receives through common carriers
- Coverage for any customer property transported by your company via truck (i.e., motor truck cargo coverage)
- Trip transit coverage for one-time shipments
- Veterinarian and animal coverage for various animals not belonging to your business
- Coverage for cellular communication towers
- Billboard coverage