Inland Marine Insurance

Inland Marine Insurance tends to throw people for a loop since its name is so contradictory. However, if you are a construction professional or contractor, this type of Property Insurance policy is essential to your overall construction business protection plan because it safeguards your tools, equipment, and unfinished construction projects from loss or damage.

Inland Marine Insurance was born from the early days of business when companies had to ship their good overseas. In those days, the protection of a ship's cargo was called Ocean Marine Insurance. But as businesses started to rely on other means of transport for their goods, Inland Marine was created to compensate businesses in the event of lost or damaged business assets on the move. To keep up with the times, this policy even evolved to protect digital information and data.

As a contractor or construction professional, your work regularly involves the transport of equipment, tools, and supplies to and from your work site. While your valuable business assets are in motion, Inland Marine Insurance ensures their replacement should an accident, theft, or loss happen along the way. It can also include tools, both expensive and inexpensive, that your construction or contracting crew takes with them when they perform a job.

Inland Marine Insurance commonly includes coverage for the following types of property:

• Property in transit, such as contractor's tools and supplies.
• Buildings under construction.
• Computer equipment.
• Data and accounts receivable, such as accounting software, lead-tracking data, policies, procedures, and other electronic assets.
• Mobile equipment, such as forklifts, bulldozers, track hoes, maintainers, loaders, etc.

Beyond transit, Inland Marine Insurance also covers property that doesn't move, such as buildings that are under construction. This kind of coverage is called Builder's Risk Insurance.

You can add Inland Marine coverage to your Property Insurance policy if it is not already included. Ask your Buckner agent to determine what coverage is appropriate for your construction & contracting business needs.

Custom Policies for Contractors & Construction Professionals
The construction & contracting business-insurance experts at Buckner can help you find a policy that adequately protects your business against risks and uncertainty. As you shop around for business insurance for contractors & construction professionals, be sure to ask about Inland Marine Insurance and if it's the appropriate coverage for your contracting & construction business.

​If you're ready to protect your business today, simply complete Buckner's hassle-free online application, and we'll find the policies that provide the coverage your business needs.