Inland and Ocean Marine policies provide coverage beyond what regular Business Owner Policies or Commercial Package Policies may provide. For companies that regularly ship products or equipment over long distances, inland and ocean marine insurance is a wise investment.
For companies that are regularly shipping materials around the country, inland marine insurance is essential. Even if your business doesn't rely on shipments to connect with customers, trade show sets and marketing materials may also be covered in transit.
Inland and Ocean Marine Insurance often covers the cost of repair or replacement of portable business properties explicitly covered in your policy. Storm damage, fires, water damage, and theft are all generally covered.
As with every business policy, the overall cost of a policy varies depending on a variety of factors. The size of the business, the value of the product in transit, and the industry itself are all examples of factors that can impact the overall cost of an inland marine insurance policy.
If your company is in search of a new inland marine policy to protect your products and insure your operations, Lowry Insurance is a knowledgeable resource that is ready to help. Connect with us today to learn more about our coverage options and get a free quote.