Inland Marine Covers Property That Moves or Sits Off-Site
Inland marine insurance covers mobile or off-premises property that standard commercial property policies usually won’t, such as tools and equipment in transit, products being shipped, or equipment temporarily at another location. For manufacturers, this fills a real and often overlooked gap.
What It Covers for Manufacturers
- Tools and equipment moved between locations or job sites
- Products in transit to customers
- Equipment temporarily off-site for service or installation
- Property in your care that belongs to others (depending on the policy)
Why Standard Property Coverage Isn’t Enough
Most commercial property policies are built around your building. The moment property leaves that location, coverage often stops or shrinks. If you transport equipment, ship products, or work off-site, that’s exposure your property policy may not address.
Common Scenarios
- A shipment of finished product is damaged in transit
- Equipment is stolen from a truck or a temporary site
- Tools are damaged while installed at a customer’s facility
Common Gaps
- Assuming property in transit is covered when it isn’t
- Limits too low for the value of what you actually move
- High-value items not specifically scheduled
- Goods in others’ care not addressed
For a full overview of manufacturer coverage, see what insurance does a manufacturer need in Utah.
Do You Move Equipment or Ship Product?
If property regularly leaves your building, it’s worth confirming whether it’s actually covered while it’s gone.