COMMERCIAL INLAND MARINE INSURANCE 

KEEP YOUR CARGO PROTECTED

Inland marine insurance can be beneficial to both large and small businesses. It not only protects your business property while it’s being transported, it also covers a customer’s property while it’s in your possession. Protection of goods and equipment in transit is a big benefit of commercial inland marine coverage and applies to all different types of shipments. A few examples include:  

• Shipments from a supplier to a user  
• Private shipments from one party to another  
• Shipments from a main warehouse to a retail outlet  
• Sales persons’ samples  
• Equipment of any kind that is mostly used off-site 

What if your equipment damages infrastructure?    

A commercial inland marine policy may also cover damage your equipment does to infrastructure. For example, if a truck gets stuck under a low bridge and both are damaged, proper inland marine insurance may cover this. These policies offer coverage for all moveable property and equipment as it’s transported from location to location, and typically offer full protection regardless of where the equipment is located at the time of loss or damage. This fills in a gap that exists in other insurance products.  

Equipment typically covered by inland marine insurance:    

• Tools and equipment belonging to a tradesperson or repair person  
• Equipment that is being moved to difference facilities, such as lift trucks  
• Testing equipment  
• Pet grooming equipment  
• Vending machines

Commercial inland marine insurance also protects fixed property that is deemed to be involved in transportation or communication under the instrumentality of the transportation or communication sections of a policy. These fixed asset types include pipelines, wharves, docks, transmission lines, outdoor cranes and other loading equipment.

One final advantage of these policies is the protection they offer to bailees. Bailees are businesses that have possession of another person’s property for repair, service or storage. A commercial inland marine policy protects all of the property in their possession, covering all legal liability should a client’s property be stolen, damaged or lost.

Just a few examples of bailees what would benefit from inland marine insurance are:

• Dry cleaners
• Jewelry repairers
• Furriers
• Furniture or appliance repair shops
• Computer repair shops
• Storage facilities

Every Business is Unique 

To find out more about these, as well as other products and services, contact Reegan Rehm directly at 507.345.3366 or reegan@rehmins.com.