The cost of Inland Marine Insurance depends on what you’re protecting, how often it’s in motion, and the level of risk your operations carry. Because it’s designed to cover business property on the move or stored away from your main location, your premium reflects how much exposure that property has while in transit or off-site.

What Affects Inland Marine Insurance Cost

There’s no one-size-fits-all rate for Inland Marine Insurance. Insurers look at several factors to determine your cost:

• Type and value of property insured. High-value or fragile items, like specialized tools, prototypes, or equipment, generally cost more to insure than standard inventory or office gear.
• Frequency and distance of transport. If your property is constantly being shipped, transported to job sites, or stored at multiple locations, your exposure to loss is higher, which can raise your premium.
• Industry and risk profile. Certain industries, such as construction, manufacturing, and hardware or tech, tend to move valuable or easily damaged items more often. These risk factors influence rates.
• Security and loss prevention measures. Strong security practices, like using GPS tracking, secure facilities, or dedicated logistics partners, can help lower your cost by demonstrating reduced risk.
• Coverage limits and deductibles. Higher limits and lower deductibles increase premiums. Your goal is to balance adequate protection with manageable costs based on the total value of property in transit or off-site.
• Claims history. Companies with prior theft or property damage claims may see higher rates. Maintaining strong risk management processes can help keep costs stable over time.

Average Cost Range

Inland Marine Insurance premiums vary widely by business size and exposure. While smaller companies may pay only a few hundred dollars per year, businesses with high-value mobile equipment or national logistics operations will pay more.

Instead of focusing on a specific number, it’s more accurate to think in terms of risk level and coverage scope. The more property that leaves your primary location (and the higher its value), the more important it becomes to invest in stronger coverage.

How to Manage Your Premium

If you’re looking to control costs without sacrificing protection, consider these strategies:

• Review your equipment and inventory list regularly to insure only what’s necessary.
• Store property securely when not in use.
• Use reputable shipping and logistics providers.
• Keep a clean claims history by documenting loss-prevention protocols.
• Work with a broker who understands your industry and can tailor coverage rather than over-insure.

How Inland Marine Fits Into Your Broader Coverage

Inland Marine Insurance is typically added as an extension of your Business Property Insurance or Business Owners Policy. It complements your existing property coverage by protecting what’s on the move, while General Liability Insurance covers third-party injuries or property damage related to your operations.

When to Review Your Coverage

You should review your Inland Marine Insurance policy whenever your business:

• Expands to new job sites or warehouses
• Adds or upgrades mobile equipment
• Begins shipping or storing goods with a higher value
• Changes transportation partners or methods

Because Inland Marine coverage is often tied to evolving operations, regular updates help ensure you’re not underinsured or overpaying for limits you no longer need.

Getting the Right Coverage for the Right Price

Inland Marine Insurance costs vary based on your property, operations, and risk management practices. But at its core, it’s a safeguard for business property in motion, acting as a layer of protection that ensures your investment travels as securely as it’s stored.

For growing companies that rely on equipment, materials, or mobile assets, the right Inland Marine Insurance helps prevent small losses from turning into major setbacks while keeping your business moving forward with confidence.

Frequently Asked Questions

Do I need Inland Marine Insurance if I already have Business Property Insurance?

Yes, if your property leaves your main location. Business Property Insurance only protects assets at a fixed address. Inland Marine Insurance covers equipment, tools, and materials in transit or stored off-site.

What kind of property does Inland Marine Insurance cover?

It typically covers mobile tools, equipment, building materials, prototypes, and goods in transit, especially high-value items that move between locations or job sites.

Can I reduce the cost of Inland Marine Insurance?

You can lower your premium by improving security, limiting what’s covered to only essential property, and maintaining a clean claims history. A broker like Vouch, who understands your operations, can also help optimize your coverage.

Vouch Specialty Insurance Services, LLC (CA License #6004944) is a licensed insurance producer in states where it conducts business. A complete list of state licenses is available at vouch.us/legal/licenses. Insurance products are underwritten by various insurance carriers, not by Vouch. This material is for informational purposes only and does not create a binding contract or alter policy terms. Coverage availability, terms, and conditions vary by state and are subject to underwriting review and approval.