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inland Marine | Equipment | Cargo | Tools | Insurance
Contractors
trucking and Transportation
trucking and Transportation
Inland Marine Insurance is a type of coverage designed to protect property and equipment that is transported over land. For contractors, Inland Marine Insurance provides vital protection for tools, equipment, and materials that are frequently moved to different job sites. Here’s a comprehensive explanation:
Key Coverages in Contractors Inland Marine Insurance:
Tools and Equipment Coverage:
- Scope: Protects tools and equipment owned by the contractor.
- Examples: Coverage for items such as hand tools, power tools, generators, compressors, and other essential equipment used in construction.
Installation Floater:
- Scope: Covers materials and equipment that are in transit to a job site, awaiting installation, or being installed.
- Examples: Materials like HVAC units, plumbing fixtures, or electrical systems during the period they are transported, stored, and installed.
Contractor’s Equipment Floater:
- Scope: Provides coverage for large, movable equipment.
- Examples: Bulldozers, backhoes, cranes, and other heavy machinery that may be moved from one site to another.
Rented Equipment Coverage:
- Scope: Covers equipment that is rented or leased by the contractor.
- Examples: Coverage for rented scaffolding, lifts, or other equipment that may be used on a temporary basis.
Crane Operators Riggers Liability:
- Scope: Provides liability coverage for the crane operator in case of damage to property being lifted or moved.
- Examples: Damage to a load being lifted, dropped, or otherwise mishandled.
trucking and Transportation
trucking and Transportation
trucking and Transportation
Inland Marine Insurance for trucking and transportation provides coverage for goods and equipment that are in transit over land. This type of insurance is essential for businesses that regularly transport goods, ensuring protection against various risks while the goods are being moved from one place to another.
Key Coverages in Trucking and Transportation Inland Marine Insurance:
Cargo Coverage:
- Scope: Covers the goods being transported by the trucker.
- Examples: Food products, electronics, machinery, raw materials, and other commodities being hauled.
Equipment Coverage:
- Scope: Protects the equipment used in transportation, such as trailers and loading machinery.
- Examples: Trailers, forklifts, and other loading/unloading equipment.
Warehouse Legal Liability:
- Scope: Covers the legal liability of the transporter for goods stored temporarily in a warehouse.
- Examples: Goods stored in a warehouse due to delay in transit or waiting for further distribution.
Terminal Coverage:
- Scope: Protects goods that are stored temporarily at a terminal while in transit.
- Examples: Goods waiting at a terminal for transshipment or further transportation.
Motor Truck Cargo Legal Liability:
- Scope: Covers the legal liability of the trucker for loss or damage to the goods being transported.
- Examples: Damages due to collisions, theft, or other perils while goods are in the trucker's custody.
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