How to Determine if Your Business Needs Inland Marine Insurance

Inland marine insurance is a valuable safety net option for many businesses. But how does an owner determine if the coverage is right for their daily operations? Before making a decision, you need to consider several factors that could hinder the development of your business. McCormick Insurance Inc. of Pembroke Pines, FL, can explain how inland marine insurance safeguards your work items in transit.

What is Inland Marine Insurance?

Inland marine insurance protects a business’s movable property, such as repair tools, work equipment, and finished products, while traveling from one destination to another. The coverage is ideal for a business that frequently ships items from the workplace to an off-site location. Having inland marine insurance ensures protection for your business from the risks associated with moving assets.

The Factors Confirming Your Need for Inland Marine Insurance

First, you must account for the number of work materials that leave the workplace daily. This includes transporting work equipment from temporary job locations to a storage facility. Another factor is whether your business uses mobile equipment vehicles that travel throughout the local community. Also, keep track of the multiple work sites set up each month.

Unfortunately, a standard commercial insurance policy does not adequately protect these factors. Choosing inland marine insurance provides coverage for your materials from outside threats. The policy protects a business from being exposed to theft, damage, or loss of work essentials that are en route to a new destination.

If you need to learn more about inland marine insurance, contact McCormick Insurance Inc. of Pembroke Pines, FL. Our staff can show how a specially designed policy can benefit your insurance needs. Choosing the right coverage will keep your business well protected for any situation. Please call and schedule an appointment today.