What you need to know about inland marine insurance

Are you interested in learning more about inland marine insurance? The folks at McCormick Insurance Inc. are here to answer any insurance-related questions that you may have. If you’re a business owner in the Pembroke Pines, FL area, here’s what you need to know.

What is inland marine insurance, and how can it help protect your company?

The name is very confusing, as an inland marine insurance policy can help protect your inventory even when it’s miles away from the sea. The name is a carryover from the days when most commercial transports occurred via ocean liners. Now, inland marine insurance policies can protect inventory and equipment while being shipped, stored, or delivered. Hopefully, the name will more accurately reflect its purpose one day soon.

Such a policy can also protect the freight delivered to you. It can also be effective if any materials, inventory, or equipment is being stored in a third party’s warehouse. Any company that sources materials, products, or equipment overseas or overland can benefit from such a policy.

So, contrary to the name, this type of policy can be used for items shipped via truck, train, or plane. Your primary commercial policy may not be adequate if you rely on the shipping of any type. Sit down with your agent today to learn more about how an inland marine policy can help protect your company!

Let’s work together!

All business owners in Pembroke Pines, FL, and the adjacent areas can rely on McCormick Insurance Inc. for their commercial insurance needs. If you have questions, we have the answers! Get in touch with our office today and schedule a consultation.

We look forward to working with you.