It all depends on what you do and where you do it. If by any chance your business involves moving machines, materials, tools, or equipment of any sort from one location to the next or keeping them at a location other than your own, you need inland marine insurance for contractors. That also applies if you keep these things in vans and trucks.
Inland marine insurance also covers high-value products and materials that you frequently ship to customers and stores such as computers, printers, scanners, networking equipment, medical equipment, and scientific equipment. If you ship valuable equipment and materials around the country from one site to another, such as to tradeshows, those items are covered by inland marine insurance, too. The list goes on and on.
The key to the inland marine category is that the equipment, tools, supplies, and other items are being stored or shipped from one place to another in something that moves like trucks, trains, or airplanes. But, it doesn’t cover movement in boats and ships across rivers, lakes, or oceans—that’s called “ocean marine insurance”—the word “marine” having been borrowed from shipping that originally occurred in ships over waterways and oceans.
If you have any questions about inland marine insurance and how it fits into your needs, contact Koch Insurance Group for a free consultation. They are glad to help.