Why Do You Need Inland Marine Insurance?
The number of claims involving equipment theft, transit damage, and job-site accidents has been on the rise. Whether you are a contractor, a landscaper, or a specialized professional, no business that moves its gear is immune to these risks.
Recognizing that Skaneateles businesses vary in size and scope, we offer flexible ways to secure this coverage:
- As an Endorsement: For smaller operations, we can often add this to your existing Business-owners Policy (BOP) to change the terms and include mobile equipment.
- Stand-Alone Coverage: For specialized or high-value equipment, we offer dedicated Inland Marine policies that provide broader protection.
What Does Inland Marine Cover?
Inland Marine provides protection against many kinds of losses, including:
- Contractor’s Tools & Equipment: From power tools to heavy excavators.
- Property in Transit: Goods being shipped to a customer or items you’re moving between locations.
- Bridges and Radio Towers: Unique “land-based” infrastructure.
- Fine Arts and Displays: High-value items being moved for an exhibit or sale.
- Medical Diagnostic Equipment: Mobile imaging or testing gear.
- Installation Floaters: Materials (like HVAC units or cabinetry) while they are waiting to be installed at a job site.
How Much Does Inland Marine Cost in Skaneateles?
The cost of Inland Marine coverage depends on the value of your equipment, the type of items being insured, and your specific risk factors—such as how and where your property is stored when not in use.
Most policies will reimburse your company for the cost of repair or replacement following a covered loss, such as theft, fire, or wind damage.
Tips to Protect Your Mobile Property
To minimize claims and keep your premiums low, we recommend these proactive steps:
- Inventory Management: Keep a detailed list of all serial numbers and photos of your equipment.
- Security Protocols: Ensure all trailers and vehicles are locked and parked in well-lit, secure areas.
- Driver Training: Educate employees on safe loading and transport techniques to prevent transit damage.
- Documentation: Track which employee has which piece of equipment at all times.
How to get started on your Inland Marine quote
To get started on your quote, call our office or click over to our quotes page.
Either way we’ll make the process simple!