Inland Marine

WHY IS IT CALLED INLAND MARINE?

Inland marine insurance was once used strictly in the ocean marine industry to protect against property losses before, during and after water transfers. As the non-ocean aspect of the cargo journey developed, cargoes were transferred to barge, and the term “inland marine” was created. These policies became known as “floaters” because the property covered was originally floating in the ocean.


WHAT DOES IT COVER?

  • Construction:
    • Builder’s risk: Protection for damage to buildings or structures under construction, renovation or repair.
    • Contractor’s equipment: Protects equipment and tools that are normally excluded under typical builder’s risk insurance.
    • Installation: Covers machinery and equipment during transit, installation and/or testing at project sites.
    • Rigger’s liability: Protection when acting as a rigger for the property of others in their care, control and custody.
  • Technology and communication
    • Cable television: Protection for property that is essential to cable television systems.
    • Electronic equipment: Insures equipment that uses microprocessors and semiconductors.
    • Medical imaging equipment: Protects mobile medical equipment housed at hospitals, clinics and other similar premises.
    • Physicians and surgeons: Covers medical, surgical and dental equipment, supplies and instruments used in the medical and dental fields.
    • Telecommunication equipment: Protects telephones, computers, fax machines, video conferencing audio and visual equipment and teleconferencing equipment.
  • Transportation:
    • Commercial transport: Coverage for goods and merchandise in transit for truckers, warehouses, shippers and logistics operators.
    • Legal liability: Coverage for sums the policyholder is obligated to cover as a result of damage from a covered loss to property of others.


WHAT INLAND MARINE CAN DO FOR YOUR BUSINESS

No matter what business you’re in, an accident can happen at any time. That’s why it’s important to have an Inland Marine policy from Matsen Insurance Brokers, Inc. to provide your business with the appropriate coverage it needs on the road.

Since Inland Marine covers items outside of your standard Business Property Insurance policy, having additional coverage to keep your equipment insured off-site is critical. This coverage can also extend to protect your business’s goods or equipment when transported by ocean and air.  


WHY WE'RE DIFFERENT

You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…

While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.

There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.

Contact us and let the professionals at our company help you forge the strongest shield possible to help.



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