Seraph Risk Advisors
Northern UT
Standard commercial property insurance generally only protects items at your fixed business address. The moment your tools, equipment, or inventory leave that location, you may have little to no protection. Inland marine insurance, sometimes called a floater policy, fills that gap for business owners nationwide.
Inland marine policies are built around how your property moves. Equipment coverage protects tools and machinery traveling between job sites, transportation coverage protects goods while being shipped to customers, and installation coverage protects materials waiting to be installed. Bailee coverage extends protection to customer property left in your care, such as items at a repair shop or dry cleaner.
This coverage is essential for contractors, tradespeople, and any business that regularly transports tools, equipment, or materials between locations. Standard property policies often cap off-site coverage at just a few thousand dollars, far short of what most mobile equipment is worth.
Licensed vehicles like trucks and vans need separate commercial auto coverage, even if they carry tools. Property shipped over water is typically excluded as well and requires ocean marine cargo coverage instead.
Yes. We help businesses across the country protect equipment and goods that move between job sites and locations.
No. Commercial property covers a fixed location, while inland marine covers property that travels or sits at temporary sites.
Often yes. Commercial auto covers the vehicle itself, while inland marine covers the tools and equipment inside it.
Cost depends on the value of your covered property, so contact us for a quote tailored to your equipment and industry.
Contact us to review the value of your tools, equipment, and materials and build coverage that travels with your business, wherever you operate.
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