Do you ship business property such as equipment, materials, and or products? You may want to consider purchasing Inland Marine insurance. Equipment, materials, and products are covered when transported over land or stored in a warehouse or at a dock. Transportation may include truck, car, plane or train. Don’t rely on your property policy to cover you for any stolen or damaged items.
Many shipping companies either limit the amount of coverage, or exclude coverage for certain items. What happens if you ship an excluded item and it is lost or damaged? You may be able to collect the limit, but you don’t have any recourse to collect the balance of the items worth.
What can be covered?
This coverage is especially important when shipping high value equipment, materials, and products. Computers, equipment and/or tools.