
Inland marine insurance companies offer a wide range of coverage options to protect your valuable assets while they're in transit or storage.
Inland marine insurance can cover a variety of items, including fine art, jewelry, and musical instruments, which are often irreplaceable and extremely valuable.
Some inland marine insurance companies also offer coverage for business equipment and inventory, which can be a significant investment for many businesses.
Inland marine insurance can be customized to fit your specific needs, whether you're a business owner or an individual with valuable possessions.
Comprehensive Coverage
Comprehensive coverage is a must for businesses with diverse needs. MSIG USA offers tailored solutions that provide peace of mind.
Construction companies can rest assured that their properties in transit or stored off-site are protected. This includes equipment and goods, safeguarding against potential risks.
Transportation and logistics companies can also benefit from MSIG USA's coverage. Their inventory and equipment, from sales floors to client sites, are protected against damage or loss.

MSIG USA's Inland Marine coverage options include safeguarding construction projects and equipment against damage or loss. Flexible limits are designed to match the scale and scope of the job.
Here are some of the industries and asset types that MSIG USA offers coverage for:
- Construction
- Transportation & Logistics
- Dealers (inventory and equipment)
- Rolling stock (Class I railroads, short line railroads, commuter railroads, scenic tour railroads, and leased in/out railcars)
MSIG USA also protects goods in transit, ensuring they reach their destination safely and securely. This includes valuable collections in galleries, museums, and during exhibitions, protecting against damage, theft, or loss.
MSIG USA Insurance Options
MSIG USA offers a variety of insurance options for inland marine risks. They can provide coverage for most classes of commercial inland marine business, with a focus on the construction and transportation industries.
MSIG USA writes coverage for builders risk, installation floaters, contractors equipment, railroad rolling stock, and motor truck cargo legal liability, among other classes. They also provide coverage for communication towers and equipment, mobile medical equipment, and data processing equipment.

Their inland marine coverage options include safeguarding construction projects and equipment, protecting goods in transit, and covering valuable collections in galleries and museums. Some of the target classes for their coverage include contractors equipment, construction projects, and transportation firms.
Some of the specific coverage options offered by MSIG USA include:
- Builders risk/installation floaters
- Contractors equipment
- Railroad rolling stock
- Motor truck cargo legal liability
- Warehouse Legal Liability
- Communication towers and equipment
- Mobile medical equipment
- Data processing equipment
MSIG USA Commercial Business Classes
MSIG USA writes most classes of commercial inland marine business, with emphasis on the construction and transportation industries.
Their target appetite includes coverage for builders risk/installation floaters, contractors equipment, railroad rolling stock, motor truck cargo legal liability, and warehouse legal liability.
MSIG USA is a market leader in the rail property space, participating on an excess basis on Class I and II railroads and considering primary on Class III and local commuter/light rail systems.
They frequently provide coverage for rail cars owned or leased by manufacturers, distributors, or other supply chain managers.
MSIG USA also writes motor truck cargo legal liability coverage, partnering with agents and brokers who specialize in these classes and know the marketplace and potential pitfalls.

Here are some of the target classes MSIG USA covers:
MSIG USA's inland marine products cover a wide range of industries and asset types, offering tailored solutions that provide peace of mind.
Does MSIG USA Write on an Admitted or Surplus Lines Basis?
MSIG USA can write inland marine risks on an admitted or surplus lines basis, depending on the specific coverages required and the regulatory jurisdiction of the insured exposures.
In other words, MSIG USA offers flexibility in how they provide inland marine insurance, adapting to the unique needs of each client.
MSIG USA can write inland marine risks on an admitted or surplus lines basis, depending on the specific coverages required and the regulatory jurisdiction of the insured exposures.
Specialized Insurance
AXIS Inland Marine team specializes in risks in the construction, transportation, and specialty segments of the U.S. market. Their brokers and insureds value the wealth of experience and specialized insurance insight they bring.
AXIS Inland Marine coverages offer broad protection with customizable limits and coverages. Some of the target classes include tools, equipment, and materials used by contractors, construction projects and materials, and transportation firms.
MSIG USA provides tailored inland marine insurance solutions on an admitted and non-admitted basis for various businesses with inland marine exposures. They regularly work with companies in multiple industries, including transportation, construction, and manufacturing.
MSIG USA can draw from a wide range of inland marine coverage classes, such as builders risk, installation floaters, and motor truck cargo. They also bring the flexibility to write coverage on AAIS inland marine forms and manuscript or bespoke forms for non-filed classes.
Here are some examples of specialty risks that MSIG USA can cover:
- Scheduled Property Floater
- Electronic Data Processing Equipment
- Scientific and Medical Diagnostic Equipment
- Telecommunications
- Theater Infrastructure
- Miscellaneous Bailees
- Exhibition Floaters
- Irrigation Equipment
- Rolling Stock
These risks are just a few examples of the many types of specialty risks that MSIG USA and other inland marine insurance companies can cover.
Insurance Basics
Inland marine insurance is designed to protect goods in transit or storage from various risks, such as theft, fire, and water damage.
This type of insurance is usually purchased by businesses that transport or store goods, as it provides financial protection against losses.
The cost of inland marine insurance varies depending on the type of goods being transported or stored, as well as the level of coverage desired.
Businesses can choose from different types of inland marine insurance policies, such as all-risk or named-peril policies, to suit their specific needs.
Insurance Cover
Inland marine insurance provides coverage for insured property no matter where it's located. This type of insurance is designed to protect businesses with unique or specialized equipment and goods.
An inland marine policy can cover a wide range of industries, including construction, transportation and logistics, and fine art. MSIG USA offers tailored inland marine insurance solutions for businesses with inland marine exposures.
MSIG USA provides customized inland marine construction solutions for real estate developers, general contractors, and specialty trade contractors. Their underwriters have the knowledge and experience to tailor an insurance solution to your requirements.

Construction projects can be complex and involve many risks, including damage or loss of equipment and materials. MSIG USA offers builders risk, installation floaters, and contractors equipment coverage to safeguard construction projects and equipment against damage or loss.
Inland marine insurance can cover a variety of property classes, including mobile tools and equipment for artisan contractors, installation coverage for equipment installed at a customer's premise, and fine art dealer/gallery coverage.
Here are some examples of property classes that can be covered under inland marine insurance:
- Mobile tools and equipment for artisan contractors
- Installation coverage for equipment installed at a customer's premise
- Commercially used photo equipment and musical instruments
- Fine art dealer/gallery coverage
- Dealers Service coverage for property and equipment contractors/installers are responsible for during installation, servicing, or repair
- Vending machine coverage for vending machines located at premises you do not own
- Transportation coverage for property shipped by or to you via common carriers
- Motor Truck Cargo coverage for customers' property transported by you in your truck
- Trip Transit for one-time shipment of goods/property
- Veterinarian coverage for animals belonging to others while in the custody of the Veterinarian
- Animal coverage for animals belonging to others while in the custody of a non-veterinary animal-related business
- Cellular communication towers
- Billboards
Cost
Inland marine insurance typically costs an average of $29 per month, or $350 annually. This may vary depending on your specific situation.
Several factors affect the cost of an inland marine insurance policy, including property value.
Coverage limits are another key factor in determining the cost of inland marine insurance.
Industry risk also plays a role in determining the cost of inland marine insurance. For example, if you work in a high-risk industry, your premiums may be higher.
A past claims history can also impact the cost of inland marine insurance. If you've had claims in the past, your premiums may be higher.
Here are some common factors that affect the cost of inland marine insurance:
- Property value
- Coverage limits
- Industry risk
- Past claims history
Frequently Asked Questions
What is considered inland marine insurance?
Inland marine insurance covers business property in transit, including goods, equipment, and materials transported by land via truck, train, or other vehicles. This type of insurance protects movable business assets used for transportation, communication, or other purposes.
How much does an inland marine policy cost?
Inland marine policies typically cost between $500 to $3,000 per year, depending on the coverage and policy limits. Annual costs may vary, but understanding these estimates can help you plan and budget for your business's insurance needs.
What is an example of an inland marine policy?
An inland marine policy example is a bulldozer valued at $150,000 used at construction sites, which can be covered under an all-risk policy. This type of policy protects against damage from various perils, excluding those specifically excluded.
Sources
- https://www.msigusa.com/inland-marine-insurance/
- https://www.statefarm.com/small-business-solutions/insurance/inland-marine-mobile-property
- https://www.iatinsurancegroup.com/business-insurance/inland-marine/
- https://www.insureon.com/small-business-insurance/inland-marine
- https://www.axiscapital.com/insurance/inland-marine
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