A Brief History:
Ocean Marine was the very first form of insurance coverage. Merchants who routinely shipped goods over ocean trade routes wanted financial protection in the event their merchandise was lost at sea. At first Ocean Marine Insurance covered port to port only. A policy covered cargo exclusively while on board ship, from the time it was loaded until it was unloaded at the docks. As large inland cities developed and land transportation improved, merchants also wanted coverage for their goods while being transported over land to and from the docks, and Inland Marine was born. To keep up with the times, Inland Marine has even evolved to protect digital information and data.
Inland Marine Insurance can cover the following:
Construction companies and contracting businesses have many business assets that are not only valuable, but also imperative for their work. No matter the location — be it a work truck, jobsite, a storage location or in transit — Inland Marine Insurance covers equipment and tools that are lost, stolen, or damaged.
You can add Inland Marine coverage to your Property Insurance policy if it is not already included. Still have questions? Ask your Builders’ Choice agent to determine what coverage is appropriate for your business needs today!