Inland marine is a specialized type of property insurance that primarily covers damage to or destruction of your business property while in transport. Inland marine also covers the liability exposure for the damage or destruction that may occur to property in your custody or control during transport.
Covered Causes of Loss
Standard perils in Inland Marine may include fire, lightning, windstorm, flood, earthquake, landslide, theft, collision, derailment, overturn of the transporting vehicle, and bridge collapse.
Coverage Forms and/or Specialty Coverages
Inland marine has great flexibility in covering many potential transportation risks. Some of the most common types of coverage offered are accounts receivable insurance, consignment insurance, equipment floaters (i.e., contractors equipment), motor truck cargo insurance, trip transit insurance, and valuable papers insurance.
Source : Massachusetts Division of Insurance Small Business Guide to Commercial Insurance
www.mass.gov\doi
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