Inland Marine Insurance can protect several classes of property, including...
Property in transit. This might include movie equipment that you transport from a set to a filming location.
Property in your temporary care. Many bars and cafés exhibit artwork from local artists. These businesses are temporarily in possession of someone else's property.
Property that stays in a fixed (but movable) location. This might cover the cooking equipment in a food truck (but not the truck itself).
Property that moves around. This can cover tools that move from worksite to worksite.
Property that aids in the transfer of information. This may include accounts receivable, computer equipment, and data.
Unique or valuable property. Your business may have special decorations or artwork that can't be insured with standard policies.
It's important to note that though Inland Marine coverage protects property in transit, it does not cover the actual vehicle that you use to transport property. For that, you might need Commercial Auto Insurance or Hired and Non-Owned Auto Insurance.
In addition to covering a wide variety of property types, Inland Marine coverage often covers a wide variety of damaging events, or "perils," that put property at risk. An Inland Marine Insurance policy can be written as…
An all-risk policy, which covers all types of perils unless otherwise stated. Usually, it includes a list of exclusions that details events the policy won't cover.
A named-peril policy, which only covers events listed in the policy and nothing else.
All-risk policies usually cover perils such as fire, windstorms, other natural disasters, collisions, and theft. But be sure to read the exclusions carefully so you know exactly what's covered.
When you run a small business, you're captain of the ship, so make sure you're protected against the sea of business perils.