What Is Inland Marine / Contractors Equipment?
Inland Marine insurance, sometimes called a contractor's equipment floater, is designed to help protect property that moves — tools and equipment being transported between job sites, rented equipment you're responsible for, or valuable items that don't stay in one fixed location. Standard commercial property coverage is typically tied to a specific address, which is why mobile property often needs this separate coverage.
Who Needs It
Contractors, landscapers, photographers, IT companies, and any business whose valuable tools or equipment regularly travel to different job sites or client locations can benefit from inland marine coverage.
Real-Life Claim Scenarios
Tools Stolen from a Job Site
Power tools and equipment are stolen from a locked trailer at a job site overnight. Inland marine coverage may help reimburse the value of the stolen tools, subject to any per-item sub-limits.
Equipment Damaged in Transit
Equipment is damaged while being transported between job sites in a company vehicle. Coverage may help pay for repair or replacement, subject to policy terms.
Rented Equipment Damaged on Site
A rented generator is damaged while being used at a client's property. Coverage may help address your liability to the rental company, subject to policy limits.
Mobile Equipment Damaged During Use
A scissor lift is damaged while being used at a job site. Inland marine coverage for mobile equipment may help pay for repairs, subject to policy terms.
Installation Materials Damaged Before Completion
Materials staged at a job site for an upcoming installation are damaged by weather before the work is finished. An installation floater, a type of inland marine coverage, may help address the loss.
What It May Help Cover
- Contractor tools and equipment while at job sites
- Equipment in transit to and from job sites
- Rental equipment you are responsible for
- Mobile equipment such as scissor lifts, forklifts, and generators
- Installation floaters for materials staged at job sites
- Certain valuable or specialized items that move between locations
Coverage Limitations
Standard commercial property coverage is generally tied to a fixed location and typically excludes equipment once it's away from your premises, which is why inland marine coverage fills that gap. Per-item sub-limits, scheduled versus blanket coverage, and covered causes of loss vary by policy and are subject to underwriting.
Industries That Commonly Need This Coverage
What You'll Need for a Quote
- Itemized list of tools and equipment with approximate values
- Whether coverage should be scheduled (item-by-item) or blanket
- How often equipment travels between job sites
- Any equipment you rent and are contractually responsible for
- Security measures used to store equipment overnight
- Prior theft or equipment-related claims
Upload Insurance Requirements for Review
Have a certificate request, lease clause, client contract, or vendor requirement tied to inland marine / contractors equipment? Upload the document and a Casurance specialist can review the requested limits, wording, and additional insured language.
Frequently Asked Questions
Related Coverages
Get a Inland Marine / Contractors Equipment Quote
Tell us about your business and a Casurance specialist can help you review Travelers inland marine / contractors equipment options, subject to underwriting approval and coverage availability in your state.
Coverage described on this page may help address certain risks common to this coverage line, subject to policy terms, conditions, exclusions, and underwriting approval. Coverage availability, limits, and pricing vary by state and are not guaranteed. This page is for informational purposes only and is not an offer of coverage or legal advice.
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