Protect Valuable Tools with Inland Marine Coverage Now
Real-World Benefits and Cost Considerations
The cost of Inland Marine Coverage varies based on several factors, including the value of the equipment, the types of tools covered, and the geographical area of operation. On average, businesses might expect to pay between $300 and $3,000 annually, depending on these variables1. While this might seem like an additional expense, the cost is minimal compared to the potential financial loss from uninsured equipment damage or theft.
For instance, a construction company with $100,000 worth of equipment might pay around $1,500 annually for comprehensive coverage. This investment safeguards not only the physical assets but also the continuity of operations, allowing businesses to mitigate risks effectively2.