In the construction world, keeping projects on track means keeping your equipment protected, whether it’s on a jobsite, in storage, or in transit. Standard property insurance isn’t designed to cover mobile assets. This is where Inland Marine insurance comes into play, an essential layer of protection that keeps your construction business moving.
What Is Inland Marine Insurance?
Inland Marine insurance covers property and equipment during transportation. For contractors, this means coverage for tools, machinery, and equipment that travel from one jobsite to the next or are stored off-premises. Whether operating a small contracting firm or managing a large fleet of equipment, Inland Marine insurance fills a vital gap by protecting assets that aren’t fixed to a single location.
Why Contractors Need Inland Marine Coverage
Construction sites are dynamic, and the equipment used is often high-value and exposed to various risks, including theft, vandalism, collisions, accidental damage, and even natural disasters. Inland marine coverage is specifically designed to protect:
- Mobile tools and heavy equipment (e.g., bulldozers, backhoes, skid steers)
- Cranes
- Small hand tools and jobsite gear
- Materials in transit to or from a jobsite
- Street and road equipment
- Temporary structures like scaffolding or fencing
- Property installed or waiting to be installed
Unlike standard Property insurance, which typically covers only items located at a fixed, scheduled location, Inland Marine insurance follows your equipment wherever it goes.
Real-World Examples
Imagine this: Your team leaves a trailer of tools on a secure site overnight. When they return in the morning, they find that the site has been broken into, and thousands of dollars’ worth of equipment is missing. Or you’re transporting a generator to a remote jobsite, and it’s damaged in a highway accident.
Without Inland Marine insurance, those losses typically will not be covered. With the right coverage in place, your tools and equipment will be insured, allowing you to return to work with minimal disruption.
What Distinguishes Our Inland Marine Coverage for Contractors
At Seneca Insurance Companies, we understand the unique demands of the construction industry. Our Inland Marine solutions are designed to provide flexible, responsive coverage for mobile property, with options tailored to contractors of all sizes. Highlights include:
- Broad coverage for tools, machinery, and materials
- Protection at multiple job sites and while in transit
- Optional coverages for installation floaters, rented or leased equipment, and more
- Boom overload
- Customizable limits and deductibles based on your equipment profile
We can also package your Property and Inland Marine coverages on one single policy.
Your tools and equipment are critical to your success. Make sure they’re protected wherever the job takes them. Inland Marine insurance helps ensure that an unexpected loss doesn’t lead to project delays, financial strain, or reputational damage. Seneca works closely with agents and brokers to ensure contractors have the proper Inland Marine protection in place before a loss happens.
About Seneca Insurance Company
Seneca Insurance Company is known for its broad appetite for writing property risks, including apartments and condos, mercantile, office buildings, and others. We offer admitted and non-admitted ISO-based policies, with catastrophe perils based on location and risk characteristics.
