☰ ˟
Contact Us Today by Email or Phone
Logo
  • Home
  • Business
    • Business Interruption
    • Construction / Contractors
    • Cyber Liability
    • Commercial Auto
    • Commercial Property
    • Distributors / Wholesalers
    • Employment Practices Liability
    • Executive Protection
    • Financial Institutions
    • General Liability
    • Healthcare
    • Hospitality
    • Manufacturing
    • Marine
    • Real Estate
    • Not For Profit
    • Retail
    • Risk Management
    • Technology
    • Coronavirus in the Workplace - Compliance Consider
    • Transportation
    • Workers Compensation
  • Personal
    • Personal Lines
    • Private Client Services
    • Home and Property
    • Automobile Insurance
    • Boat Insurance
    • Dental
    • Flood
    • Life
    • Personal Umbrella
    • Wind / Hail
    • Valuable Items
    • High Value Item
    • Hurricane Preparedness
    • Yacht
  • Financial Services
    • Employee Benefits
    • Individual Benefits
  • About
    • About Us
    • Testimonials
    • Privacy Policy
    • Terms and Conditions
  • Insurance Center
    • Important Links
    • Frequently Asked Questions
    • Insurance Glossary
  • Client Services
    • File a Claim
    • Customer Service Requests
  • News
  • Contact
    • Contact Us
    • Locations

How Can We Help You?
Home > Blog > Protecting Property During and After Shipping
WEDNESDAY, DECEMBER 19, 2018

Protecting Property During and After Shipping

business man holding are you covered signWhen shipping products or equipment, business owners expose these items to risks. These items could face damage or destruction during their shipping time. Such losses may pose a financial burden to the business. Transportable property needs insurance coverage. This often comes in the form of inland marine insurance.

How Does Inland Marine Insurance Work?

Inland marine insurance can protect business property during shipment and use offsite. Sometimes, business owners think that their regular business owners' policy (BOP) will cover their property. However, BOPs often have limits. They may not extend coverage to off-site work, and limit protection to certain places.

On the other hand, inland marine policies can often greatly expand the places that transportable items have coverage. They might protect the items both during shipment and use off-site. Indeed, many businesses use a lot of their equipment off-site. Such could be the case for a construction company. They likely won't use certain machinery in the place of business, but rather at a construction site. Inland marine coverage may be a benefit in these cases.

How to Better Protect Your Property

Even when you have inland marine insurance coverage, transporting items requires care. You can prevent damage, and may eliminate the inconvenience of having to file an inland marine claim. Doing so will help you better utilize your policy only for unpreventable and unavoidable accidents.
  • Prepare to transport your items using proper precautions. Doing so can help you protect these items during transport. You may need to pack these items in special cases, or using special security measures.
  • If you plan to use shippers, use only professionally-licensed shipping groups. If you work with delicate items, you may be able to hire shippers who specialize in transporting those items.
  • When using a shipper, inquire about their insurance coverage. Shipping operators may need to carry freight bonds or commercial auto insurance for additional coverage.
  • Keep an eye on the items during transport. Monitor their use carefully while offsite. Set up, use and break down the equipment according to procedure.
  • Rigorously enforce safety precautions and protective measures when using your items off-site. You should treat and use these items with sensitivity. At the end of the day, it is your responsibility to reduce damage risks as best you can.

At times, you can insure items with either replacement cost coverage or actual cash value (ACV) coverage. Replacement coverage may provide funds to help you buy a new item of equal value or make as the lost item. ACV coverage, on the other hand, will take the depreciated value of the item into account when determining the reward for your claim. It may not award as high of a payout as replacement cost coverage. Talk to your insurance agent about the best way to insure your items to your satisfaction.

We've got you covered. Contact Tanenbaum Harber Insurance Group for a fast, free inland marine insurance quote.

Posted 9:00 AM

Tags: insurance, business insurance, inland marine insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018

  • business insurance(36)
  • insurance(32)
  • auto insurance(20)
  • home insurance(15)
  • general liability insurance(14)
  • workers compensation insurance(10)
  • commercial property insurance(9)
  • commercial auto insurance(8)
  • commercial insurance(8)
  • umbrella insurance(6)
  • workers compensation(6)
  • professional liability insurance(6)
  • florida(5)
  • boat insurance(5)
  • bop insurance(4)
  • builders risk insurance(4)
  • homeowners insurance(4)
  • contractors insurance(4)
  • directors and officers insurance(4)
  • general liability(3)
  • miami(3)
  • flood insurance(3)
  • builders risk(3)
  • directors & officers insurance(3)
  • policy(3)
  • auto(2)
  • business(2)
  • car insurance(2)
  • business owners(2)
  • cyber liability insurance(2)
  • construction(2)
  • coverage(2)
  • business owners policy(2)
  • employment practice liability insurance(1)
  • risk(1)
  • file a claim(1)
  • commercial general liability(1)
  • restaurant insurance(1)
  • work place safety(1)
  • policy review(1)
  • constructions(1)
  • accidents covered(1)
  • stress crack(1)
  • replacement cost(1)
  • car(1)
  • water damage(1)
  • insurance tips(1)
  • epli insurance(1)
  • bop(1)
  • year end review(1)

View Mobile Version

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Tanenbaum Harber of Florida
2900 SW 149th Ave, #100
Miramar, FL 33027-6605

Broward Tel: 954-883-2900
Miami-Dade Tel: 305-620-0200
Jacksonville Tel: 904-807-9121
We've successfully served hundreds of customers and are determined to treat each individual with respect and compassion. Shopping for insurance can be difficult, but our staff does the work for you. Maintain your financial stability and stable coverage by allowing us to help you with your insurance needs.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Locations/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ Claims/ Payments/ Glossary/ FAQs/ Privacy Policy/ Terms and Conditions
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder