Inland Marine (Equipment)
An Inland Marine policy provides additional coverage for Business Personal Property beyond the limits of the property policy. It covers property or equipment in transit and used away from the primary office location. Many inland marine policies provide coverage without regard to the location of the covered property; which is why they can sometimes be referred to as “floater” policies.
Surveying Equipment
Surveying equipment is often used away from the scheduled location. Due to the cost of surveying equipment, replacement after a covered loss may exceed the policy limits of the property policy for property away from the scheduled location. The Inland Marine policy would provide additional coverage for the replacement cost of the lost or damaged surveying equipment.
Scheduled Equipment & Survey Basis
Coverage is only provided up to a certain limit, so it is important to have the correct values assigned to your equipment used in the field. Coverage can be provided on both a:
- “Scheduled Equipment” basis – coverage only for equipment itemized on a list
- “Blanket” basis – coverage for any equipment used in the course of business up to the limit of the policy
Explore Our Professional Insurance Offerings
Custom Insurance & Risk Management at a Competitive Price
Many businesses view their insurance agent as a “vendor”. That is not us. We are a “guide” in helping you navigate the complex world of risk management insurance.
We have 3 ways you can get started with us, click below on the option you feel best fits your needs:
Just a Quote
Already know what Insurance your company needs? Fill out our applications to get a quote.
Conversation & Quote
Unsure about what you really need? Talk with one of our licensed Insurance Agents for advice and next steps.
Full 360° Review
Need a comprehensive review of exposures? Our Risk Managers give you a free in-depth risk analysis.