Most business owners already have a commercial property insurance policy. Commercial property insurance covers assets that are stored at the business location. If you suffer vandalism or a fire or flood, commercial property insurance would come to your rescue. But what happens when your inventory or equipment goes beyond your business and is damaged or lost? That’s when a type of commercial insurance called inland marine insurance kicks in to protect your company’s assets in transit or in other locations.
In general, Inland Marine Insurance covers the following:
- Property in transit: This is property that you transport over land from one location to another.
- Property stored off site: This includes property that you keep at a warehouse or storage facility.
You may not have heard of Inland Marine Insurance, but this type of added coverage can make a big difference to your business. Koch Insurance can explain all the ins and outs of this type of insurance and help determine if it’s the right choice for you. When your business is covered by the addition of Inland Marine Insurance as part of your overall commercial insurance plan, you can be sure your inventory and property is protected when moving from site to site or at remote locations. Koch Insurance is here to help you navigate all your commercial business insurance needs.