A typical property policy insuring a company for its business contents restricts the location of that property to the specified locations listed within the policy. In the real world, business contents can be anywhere, and everywhere. You need to make sure you have the right form to cover your valuables worldwide if necessary.
An inland marine policy covers business property in the domestic United States without restricting its location. An ocean marine policy takes it one step further and covers the items worldwide. Either of these policies can provide the comprehensive coverage necessary to protect your assets while typically including additional perils such as breakage that might not be included in a standard business owner’s property package.
Let our experienced professionals discuss your potential needs to make sure your “away from home” property has the right insurance policy in place. Whether your property is on the go, in the hands or others, or secured, Hanson & Ryan can make sure it is covered.
This specialized inland marine coverage provides the contractor with a comfort level that his equipment is insured for loss whether it is left on the jobsite, in a commercial vehicle, or stored off premises.
When goods are being shipped to and from insured locations, the property is said to be in transit. It doesn’t matter if multiple forms of transportation are used, transit insurance is needed to cover these goods until they arrive at their ultimate destination.
New construction of a residential residence or a commercial building needs to be covered under a specialized property form known as a builder’s risk policy. The standard homeowner or commercial building policy will not cover a building until a certificate of occupancy (CO) from the town is granted.