Summer keeps businesses moving. Contractors are hauling equipment between job sites, landscapers are loading trailers with mowers, and photographers are packing gear for that destination wedding. If your business travels, it’s worth asking: is your equipment covered once it leaves your building?
What is inland marine insurance? Inland marine insurance protects moveable equipment, tools, or property that is transported or stored off-site. If you travel to complete a project, this policy provides coverage from theft, vandalism, and weather-related damage to your property.
Does only large equipment need this coverage if I travel? No. Coverage isn’t limited to big-ticket items like construction machinery. Cameras, tools, laptops, catering supplies, and other small equipment can qualify too. If you have specific questions, talk to a Pine Insurance agent.
The Gap It Fills
Your business owner’s policy typically covers property at your business location. For example, the cameras, lighting, and equipment in your photography studio. However, once that equipment leaves your studio to go to a shoot, it may not be covered.
The same goes for a contractor’s tools on a truck, a caterer’s equipment at an event, or a landscaper’s mowers left at a job site overnight.
A Real-World Example
Picture this: you leave your truck out in the field overnight after a long day of work. The next morning, you head out to get started and notice the truck door isn’t locked. Your tools, including your cordless impact, are gone.
Without inland marine coverage, replacing stolen equipment like this comes straight out of your pocket. With it, you have a way to recover the cost and get back to work faster.
Don’t think of this coverage as an extra expense. Think of it as protecting the equipment you’ve already invested in. As your equipment hits the roads this summer, make sure it’s protected wherever the job takes it.
A Smart Move for Business Owners
Don’t think of this coverage as an extra expense. Think of it as protecting the equipment you’ve already invested in. As your equipment hits the roads this summer, make sure it’s protected wherever the job takes it.
