Your Insurance Questions

Yes, inland marine insurance policies can be personalized for your Colorado or Utah business with coverages, limits, and endorsements that fit your unique risks.

Typically, no—Inland Marine insurance covers property within the U.S. and domestic transit. International shipments require separate ocean marine or cargo insurance.

Yes, inland marine insurance policies in Colorado and Utah almost always include a deductible that you must pay before coverage begins. This amount typically ranges from $500 to $2,500, depending on your policy and risk profile.

Report the loss to your insurer right away, document everything (photos, serial numbers, bills of lading), and cooperate with the adjuster. Secure the property to prevent further damage and keep damaged items until inspection.

Motor truck cargo insurance covers loss or damage to goods while being transported by a for-hire trucking business. It’s crucial for Colorado and Utah truckers facing severe weather, theft, and accident risks.

Yes, inland marine insurance can cover electronic equipment such as computers, servers, and data processing devices, especially when these are transported or used off-site. Coverage for electronic data itself often requires specific endorsements.

Bailee’s customer coverage protects your business if a customer’s property is damaged, lost, or stolen while in your care—even if you don’t own it. This is essential for businesses like dry cleaners, repair shops, or any service handling client goods.

Yes, inland marine insurance—specifically installation floaters—can cover damages to materials and equipment from the time they leave your premises until installation is complete. Coverage details depend on the policy and must be tailored to your specific operation.

A contractor’s equipment policy is a type of inland marine insurance that covers your mobile tools and machinery—like skid steers, bulldozers, and compressors—against theft, damage, and other covered losses on the job, in transit, or in storage. It fills gaps left by property and auto policies so your gear stays protected wherever work takes you.

Inland marine premiums are calculated based on the value and type of your property, how often and how far it moves, the transportation method, your loss history, and local risks. Weather exposure and coverage limits also impact what you pay—especially in Colorado and Utah.

Property insurance protects items at a fixed location (your listed premises). Inland marine covers movable property, tools, and goods in transit or offsite—ideal for equipment and inventory that travel.

A Business Owner’s Policy (BOP) usually only covers property at your main location, leaving equipment and goods in transit or offsite at risk. Inland marine insurance fills these crucial gaps—especially important for Colorado and Utah businesses facing weather, theft, and transit perils.

A floater is a policy extension that covers property with high mobility, like tools or equipment frequently moved between locations. It ensures your valuable items are protected wherever they go.

Yes. Inland marine insurance typically covers theft of insured items in transit, on job sites, or in off-site storage—subject to your policy’s terms, deductibles, and any security conditions (like locked-vehicle requirements).

Inland marine insurance covers movable property like tools, equipment, fine art, and goods while they’re in transit or at temporary locations. It can also include builder’s risk and certain instruments of communication and transportation.

If your business regularly moves, transports, or stores equipment, tools, or goods off-site—such as contractors, vendors, or manufacturers—you likely need inland marine insurance. It covers valuable property wherever it goes, not just at your main location.

Inland marine insurance protects business equipment, tools, and goods while they’re being transported or stored off-site—crucial for weather, theft, and accident risks in Colorado and Utah.

The term 'inland marine' insurance comes from its evolution out of ocean marine insurance, expanding coverage for goods and equipment transported 'inland'—across land rather than by sea.

Yes, premiums for professional liability insurance are generally tax-deductible as a business expense for Colorado and Utah businesses. Consult your tax advisor to ensure proper reporting based on your specific situation.

Clients require professional liability insurance to ensure you have financial protection against errors or negligence in your professional services. It reassures clients and often fulfills contract obligations.