Understanding Inland Marine Insurance

Florida Health Care Plans
October 15, 2019

Understanding Inland Marine Insurance

The term “inland marine insurance” is confusing to many people. “Marine” is a term we associate with the sea yet Inland Marine Insurance refers to items being transported overland. This includes a wide range of items businesses require, such as:

  • Medical Equipment
  • Scientific Equipment
  • Photography Equipment
  • Construction Equipment
  • Communication or Networking Equipment
  • Computer Equipment (including servers)

It refers to not only the times they are moving, such as when they are in trucks, on trains, etc., but also while they are being temporarily warehoused by third parties (such as in storage awaiting transport or transfer, customs, etc.).

The more often your business moves items overland, the greater your need for inland marine insurance protection becomes.

Why do Businesses Need Inland Marine Insurance?

Businesses suffer losses from items in transport every day. Whether from damage resulting from accidents or theft, which are the two most common types of inland marine insurance claims made. Companies that transport equipment from one location to another can’t afford to operate without inland marine insurance protection, it’s as simple as that.

Depending on the type of business you operate, your needs may require specialized inland marine insurance coverage, such as protection designed for specific industries, such as:

  • Building and construction.
  • Exhibition and fine arts.
  • Motor truck cargo.

Working with an experienced and respectable Palatka insurance agency, like Bates, Hewett, & Floyd can help ensure that you get the right protection to meet your needs. We understand that each business is unique and has specialized requirements when it comes to insurance coverage and protection.

We work with you to identify your needs, measure your risks, and offer an insurance package that provides the best possible inland marine risk management and insurance protection at a price that’s right for your business.

Why Bates, Hewett, & Floyd?

The better you understand what your risks and inland marine insurance needs are, the more informed decisions you can make about what kind of insurance and how much insurance best meets your individual business needs. We work with you to identify your risks, educate you about mitigating those risks, and identify insurance products, such as inland marine insurance, that can help. Then, we advise you on the coverages that work best for your unique, individual business needs so you can get the right protection to meet those needs. Finally, we provide support after the sale so that you know you’ve made the right insurance protection decision for your inland marine insurance and more.

As an independent insurance agency serving the needs of Northeast Florida families, our experienced team can help you find the right products to meet your needs rather than supplying a one solution fits all philosophy for coverage and protection. Contact Bates, Hewett, & Floyd today to learn more about your Palatka insurance needs, options, and the impressive lineup of products we have to offer.


Bates Hewett & Floyd

When you think about an independent insurance agency in Northeast Florida, you probably think of a small to medium-size office run by a family or a few employees. If you have never visited or been inside Bates Hewett & Floyd, you have not experienced the big picture. With 30 employed professionals (currently seeking additional candidates to join the team) we are one big family (some blood, most not) that spans three offices and are spread throughout the many facets of insurance that Bates Hewett & Floyd.

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