Insurance Myths

Myth #15: Commercial Auto Policies cover equipment and tools left in a vehicle.
Only equipment permanently attached to the vehicle is covered. Loose tools and equipment are not such as pick-up truck tool boxes and contents because they aren’t permanently attached. To protect tools, supplies and equipment while in transit you need to add specific coverage.

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Inland Marine Insurance

Don’t let the fact that Inland Marine Insurance has an odd name stop you from considering it as part of a comprehensive business insurance plan. Originally created to cover the transportation of goods over water, it has expanded over the years to cover goods in transit on land as well, including:

  • Property being transported
  • Buildings under construction
  • Computer equipment and data
  • Accounts receivable
  • Fine artwork

Does your business need Inland Marine Insurance?

Depending on the type of small business you own, this coverage can be essential to protecting business property. Think about the items you place in your car or truck on a daily basis to get your work done or the valuables, including data, you own or are responsible for. Most property policies limit or exclude coverage for these items.

Or perhaps you are in the construction trade or are building an addition to your office. Inland Marine Insurance can protect the building materials—and a contractor’s tools and equipment.

If you clean, repair, service or perform work on property of others, Inland Marine Insurance can work for you. It can cover losses to goods that occur at your premises, while being transported to or from your premises or in storage.

Find superior service with Morris Insurance

We know this type of insurance seems a bit tricky. Our agents can work with you to help you understand the benefits of Inland Marine Insurance. Contact a local Morris Insurance agent for more information and a free quote.