Contrary to what the name might suggest, it doesn’t solely pertain to marine vessels but encompasses a wide range of movable property, including equipment, tools, and merchandise, while in transit or stored at off-site locations.

This insurance fills the gaps left by standard property insurance policies, which often have limitations on coverage for property that is in transit or stored away from the primary business location. Inland marine insurance provides financial protection against risks such as theft, damage, or loss during transportation, regardless of whether the goods are being shipped domestically or internationally.

For businesses involved in transportation, logistics, or construction, inland marine insurance is essential for ensuring that their valuable assets are adequately protected wherever they may be in transit or storage.