Contractors who are shopping around for California contractors insurance sometimes chance upon the term “inland marine.” This is one of those confusing insurance terms which lead many contractors to make the decision to ask an insurance agency to take on the task of finding the best insurance coverage for them.
Inland marine insurance is a type of property insurance. It is designed to protect portable, mobile, high-risk valuable property items that are not covered by regular business property insurance. Examples of the sorts of property that might be covered by inland marine insurance include artworks, bicycles, musical instruments, cameras, sporting equipment – and contractors’ tools – that are moved about rather than being stored and used at one particular location.
A contractor’s valuable tools that are moved about from one work site to another are generally insured under inland marine coverage rather than standard business property coverage. Call us when you need professional help to find the best value California contractors insurance for your business!