Inland Marine

While the term "inland marine" technically refers to inland waterway transport, namely canals, rivers and lakes, inland marine, since the turn of the 20th Century, has been redefined to cover property transported by land as well as a wide range of coverages not related to the transportation of goods.

Inland Marine Insurance covers unique risks prone to frequent or constant changes.

Inland Marine classes involving construction, such as builders’ risk, contractor's equipment coverage and installation floaters, exemplify the nature of inland marine insurance coverage.
Inland Marine coverage is distinguished through commercial and personal inland marine classes. Inland Marine insurance is further defined in filed and nonfiled classes.

Inland Marine property coverage includes bailee, truck cargo and warehouse liability. Bailees, parties who hold property belonging to someone else, motor truck cargo companies and warehouses all safeguard property belonging to others and cover property, through inland marine insurance, as if it were owned property.

Inland Marine insurance may also cover valuable personal and commercial property that is easily moved. This inland marine insurance, deemed "floater" coverage, typically covers property more broadly than typical homeowner or commercial property coverage.

Waterborne cargo is typically insured as ocean marine or "wet" marine and maintains liability, policy forms and underwriting criteria standards different from those of inland marine.