BUSINESS

Financial Planning: What Is Inland Marine Insurance?

Written by Marianne Bonner and published on August 16, 2023, inland marine insurance safeguards your company against the loss or damage of land-transported goods, machinery, or equipment.

It covers property you use at a place of work, store at a distribution center, or move from one spot to another via train or truck.

Ocean marine insurance, which covers property transported by sea, is an offshoot of inland marine insurance.

Equipment, tools, and other property that you use at a job site, store in a warehouse, or transport over land are covered by inland marine insurance.

Each kind of inland marine protection is intended to cover a particular sort of property.

Property inland marine protection can incorporate property like development apparatus or PC gear.

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