Many companies ship products throughout the country, but not many people know that inland marine insurance is designed to protect those products during transport. Don’t be misled by the name; inland marine coverage can be used to protect items that are transported across land and, in some cases, the equipment used to aid in the process.
There are many reasons you may need to transport goods or equipment:
- To deliver to stores
- To use in trade shows or exhibits
- To ship directly to customers
If the vehicle transporting the goods is involved in an accident, the products may be broken. If your warehouse floods, the things you’re storing inside may be damaged. Whether you ship products, store them or both, an inland marine policy can cover the cost to repair or replace them if they are damaged, according to the experts at https://hilbgroupfl.com/.
The method used to transport equipment also needs to be protected. Some policies may cover the transportation elements, such as a rail or communication system. Trucks or other vehicles may also be covered under this policy if they are used primarily for the transport of goods.
When moving products or equipment from one place to another is part of your business plan, you need to protect the goods during transport. Inland marine coverage can help you do that.