Understanding Inland Marine Insurance Policy


Inland Marine Insurance, despite its nautical name, is a form of coverage that protects businesses from losses involving movable or specialized types of property. This type of insurance was initially designed for protection against property losses occurring at sea, but it has since evolved to cover a broader range of mobile property and equipment.

What is Inland Marine Insurance?

Inland Marine Insurance is a type of business insurance that covers products, materials and equipment when transported over land or temporarily stored by a third party. It’s designed to protect business property that’s movable or used for transportation or communication. This includes property in transit, property in the custody of a bailee, property deemed to be an instrumentality of transportation or communication, and legal liability coverage for bailees.

Why Do You Need Inland Marine Insurance?

Inland Marine Insurance is crucial for businesses that frequently transport goods or equipment from one location to another. If your business involves installation work, exhibitions, or if you frequently ship products to customers, it’s wise to have this coverage. It’s also important for businesses that have high-value equipment. If such equipment is damaged or stolen while being transported, the Inland Marine Insurance Policy could provide the needed coverage.

What Does Inland Marine Insurance Cover?

Typically, an Inland Marine Insurance Policy covers any property that is movable or transportable. This could include everything from construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, to various types of merchandise. The policy generally covers losses from a variety of perils, including accidental damage, theft, fire, and natural disasters.


Inland Marine Insurance is a versatile and necessary policy for many businesses. It provides comprehensive coverage for property that’s mobile or held by a third party. With the increase in transportation and shipping in today’s business world, having Inland Marine Insurance can provide peace of mind knowing that your goods are protected no matter where they are.

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