Inland Marine

The Inland Marine policy form is an outgrowth of the Ocean Marine policy form. Ocean marine policies were designed to cover the liability and cargo of ocean vessels. Transportation of property on land needs protection, too, and so the "inland" marine policy form was born.

Inland marine policies became known as "floaters" since the property to which coverage was originally extended was essentially "floating." The coverage has grown to include property that just involves an element of transportation. The property that is insured under inland marine coverage is typically one of the following:

Actually in transit
Held by a bailee
At a fixed location that is an instrument of transportation
A movable type of goods that is often at different locations

Design professionals utilize inland marine policies to cover equipment used in the field, such as survey, computerized or testing equipment.

The following coverages represent a wide range of the types of coverages typically called "inland marine":

Bailee Customer's Goods
Communication Towers and Equipment
Computer Coverage
Contractors Equipment
Dealers
Exhibitions
Fine Arts/Jewelry/Furs
Installation
Leased Property
Mobile Medical Equipment
Motor Truck Cargo
Museums
Musical Instruments
Processing Risks
Rigger's Liability
Transportation
Trip Transit
Valuable Papers
Warehouse Legal

For more information on Inland Marine insurance please contact us.