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Great Lakes Insurance Services Group


Inland marine insurance indemnifies loss to movable or specialized types of property. Historically developing as an outgrowth of ocean marine insurance to cover goods in transit over large bodies of water, commercial inland marine coverage typically covers property being transported on land. Inland Marine insurance has since evolved to cover a broad range of miscellaneous types of property not only in transit, but also onsite too.

Inland marine insurance is designed to cover a business’ assets when they are temporarily away from the insured’s premises. It is a uniquely diverse coverage that can range from covering a piece of heavy-duty equipment at a job site to a piece of fine art at a fine dining establishment.

This category includes, but not limited to:

  • Accounts Receivable
  • Bailee Customer’s Goods
  • Builders Risk
  • Camera Equipment
  • Communication Equipment
  • Computer Equipment
  • Contractors Equipment
  • Fine Arts
  • Golf Equipment
  • Guns
  • Jewelry
  • Leased Property
  • Mobile Medical Equipment
  • Motor Truck Cargo
  • Museums
  • Musical Instruments / Equipment
  • Processing Risks
  • Crane & Riggers Liability
  • Transportation
  • Trip Transit
  • Valuable Papers
  • Warehouse Legal

Frequently Asked Questions Regarding Inland Marine Insurance

How much does Inland Marine Insurance cost?

In the United States, inland marine insurance comprises of 2% of premiums. Contact one of our qualified insurance agents to learn more about inland Marine Insurance.

Does My Business need Inland Marine Insurance?

Any business that does work off-site, is moving goods or products, and/or in possession of or storing property of someone else, typically some type of commercial inland marine insurance will need to be attained by that business. Construction companies often find inland marine insurance essential because work is almost always done off-site. This includes builders risk insurance, contractors equipment, cranes & riggers liability, and related property. Communications companies are another big proprietor of inland marine insurance and can cover communication towers, installation, renewable energy equipment, and related electrical components.

Sticking with the original intent of inland marine insurance, most transportation companies will also need to purchase inland marine to protect cargo. Trucking companies, rolling stock, shipper’s interest, and warehouse & logistics companies are the major buyers. Generally, any kind of equipment will also be covered by inland marine insurance. Examples include agriculture and landscaping equipment, computers, electronics, flooring, sales and rental dealers’ inventory. There then lies a miscellany of other inland marine insurance that can be pertinent for certain kinds of businesses dealing with the fine arts, signage, vending machines, patterns and dies, musical instruments, bailees, or related collectibles.

Contact Great Lakes Insurance Services Group Today!