Initially you may think that an Inland Marine policy is some kind of boating insurance, in reality it is one of the most varied types of Property & Casualty insurance. The coverage was provided to protect goods being transported over oceans, rivers and canals by merchants as early as the 16th Century.
Today, property being transported is still a major portion of Inland Marine coverage available but this line has expanded to include protection for the tools of your trade.
Most of today’s contractors have inadequate or no coverage to protect the investments they have made in the tools and equipment necessary to making a living.
Items of lessor value are listed as miscellaneous tools and coverage starts at about $65.00 a month, for up to $5,000.00 in total value.
An added feature to Inland Marine polices is that you can schedule larger pieces of equipment, like back hoes, that your are purchasing, leasing or even renting. The lender or lessor can be listed as an Additional Insured on the policy as well.
The coverage protects you from theft out of your vehicle but also extends to the job site as well.
blackandassociatesinsurance 