Inland Marine Insurance
Inland marine insurance covers property that moves — tools in your truck, materials being delivered to a job site, equipment transported between locations, and goods in transit that aren't covered by standard property or cargo policies. Despite its nautical name, inland marine has nothing to do with boats. It's one of the most important and misunderstood coverages for contractors, builders, and any business whose valuable property travels.
Coverages we place
- Tools and equipment in transit or at temporary job sites
- Building materials and supplies being transported
- Property of others in your care, custody, or control
- Goods in transit (not covered by standard cargo policies)
- Leased or rented equipment
- Fine arts, exhibits, and display materials
- Computer equipment and electronics in transit
- Signs, valuable papers, and accounts receivable records
Who needs this coverage
Contractors (electrical, plumbing, HVAC, painting, roofing), construction companies, movers, installers, event companies, IT service providers who transport equipment, photographers, and any business that regularly moves valuable property between locations.
What drives your premium
- Total value of property to be covered
- Type of property (hand tools vs. heavy equipment)
- How property is transported and stored
- Geographic area of operations
- Security measures (locked trucks, GPS, safes)
- Claims history for theft and damage
- Deductible selection
Common exclusions
- Property at your permanent business location (covered by commercial property)
- Motor vehicles (covered by commercial auto)
- Mysterious disappearance (without evidence of theft)
- Wear and tear, gradual deterioration
- Employee dishonesty (covered by commercial crime)
- Earthquake and flood (unless endorsed)
Frequently asked questions
What's the difference between inland marine and commercial property?
Commercial property covers your building and contents at a fixed location. Inland marine covers property that moves — tools in your truck, materials at a job site, equipment in transit. If it travels with you, it needs inland marine coverage.
How much does inland marine insurance cost?
Inland marine typically costs 1–3% of the total property value per year. A $50,000 tools and equipment policy might cost $500–$1,500/year. Rates depend on property type, security, and claims history.
Does my commercial auto policy cover my tools?
Commercial auto typically covers the vehicle only — not its contents. Your $30,000 worth of tools in your truck bed or van are NOT covered by commercial auto. You need inland marine (tools and equipment floater) for that.
Related coverage
Get a free quote or call (321) 206-8035.