Inland Marine Insurance — Tools & Equipment Coverage

The term dates back to when marine insurers began covering goods transported by land as well as sea. Today, inland marine is a broad category of coverage that protects movable property, equipment, and specialized items that don't fit neatly under standard property insurance. For contractors, it primarily means tools, equipment, and materials coverage.

No. General liability covers damage you cause to other people's property. It does not cover your own tools, equipment, or materials. Inland marine (tools and equipment) insurance is the coverage that protects your own property when it's stolen, vandalized, or damaged — whether on a job site, in your truck, or in transit.

These terms are often used interchangeably. A 'tools and equipment' policy or 'contractor's equipment floater' is inland marine coverage designed to cover portable tools and equipment used in a trade. An equipment floater can also cover larger, scheduled pieces of equipment like generators, compressors, and specialty machinery. We can help you choose the right form for your needs.

Yes, in most cases. A standard inland marine policy covers theft of tools and equipment from a locked vehicle. There are usually sub-limits for theft from an unattended vehicle, so it's important to review your policy's terms. We recommend inventorying and scheduling your most valuable tools to ensure adequate coverage.