What Does Inland Marine Insurance Cover?
Depending on the coverage selected, inland marine insurance can help pay for property stolen or damaged by fire, vandalism, and other covered events. Common options include:
- Tools and contractors’ equipment: Hand tools, generators, mobile machinery, and other eligible equipment used in your work.
- Property in transit: Covered goods, materials, or equipment moving between locations.
- Installation coverage: Eligible materials and equipment during transportation, temporary storage, and installation, subject to the policy’s coverage period.
- Portable technology: Cameras, diagnostic devices, and other scheduled or eligible electronic equipment.
- Customer property: Specialized bailee coverage for belongings accepted for repair, processing, or storage.
These are different coverage options, not automatic features of every policy.
For example, tools stolen from a work trailer may be covered—but the outcome depends on the insured items, theft conditions, limits, and deductible. Review those details before leaving equipment overnight.
What Does Inland Marine Insurance Not Cover?
Inland marine insurance generally does not pay for normal wear and tear, gradual deterioration, or ordinary mechanical breakdown. Employee theft and unexplained missing property may also be excluded or require additional coverage.
Other limitations can be less obvious. A policy may restrict theft from unattended vehicles, apply a maximum payment per item, or require valuable equipment to be listed individually.
It also does not replace liability insurance for injuries or damage your business causes to others. We help you review the property coverage alongside your other policies so you understand where each applies.
Business Insurance Coverages
Inland Marine Insurance vs. Commercial Property Insurance
Commercial property insurance generally focuses on buildings and contents at insured locations. It may include some off-site or transit protection, but those limits may not match the equipment you regularly take elsewhere.
Inland marine coverage can address those mobile and off-site exposures. A business may need both: one policy for its shop and contents, and another for equipment moving between jobs. Reviewing them together helps identify gaps and unnecessary overlap.
Inland Marine Insurance for Contractors
A stolen generator or damaged piece of equipment can leave a crew waiting and a project behind schedule. Your coverage should reflect how your business actually works.
We review where equipment stays overnight, how it travels, and the highest total value you could have at one job site. We also look at rented equipment and materials awaiting installation. Those details help determine appropriate limits and coverage terms.
Coverage for Specialized or Hard-to-Place Equipment
Unusual machinery, high equipment values, or previous theft claims can make coverage harder to find. ConXis works with standard and specialty insurance markets to explore options for more complex property exposures.
Bring your current policy, an equipment list with values, and details about storage, transportation, and prior losses. We’ll help you compare available options and understand the differences that matter to your business.
Related Business Insurance Coverages
Most businesses face risks that require more than one type of insurance coverage. The right combination depends on your employees, property, vehicles, contracts, services, and industry.
- Workers’ Compensation: Helps cover work-related employee injuries and illnesses and may be required depending on your state and business.
- Commercial Auto Insurance: Covers vehicles used for business operations and liability arising from covered auto accidents.
- Commercial Property Insurance: Helps protect buildings, equipment, inventory, and other business property from covered losses.
- Professional Liability Insurance: Protects against certain claims involving professional mistakes, negligence, advice, or services.
- Pollution Liability Insurance: Provides coverage for certain pollution and environmental exposures that general liability policies may exclude.
- Cyber Liability Insurance: Helps address costs and liability associated with data breaches, cyberattacks, and other covered cyber incidents.
- Employment Practices Liability Insurance: Helps protect businesses against certain employment-related claims such as discrimination, harassment, or wrongful termination.
- Commercial Umbrella Insurance: Can provide additional liability limits above certain underlying business insurance policies.
ConXis Insurance Services can review these coverages together to help identify gaps, overlapping protection, and the limits your business or contracts may require.
