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Tools, Equipment & Cargo Coverage

Here's What Inland Marine Insurance Should Cost in Your Area

Your standard property policy stops at your front door. Get Inland Marine insurance to cover your tools and equipment on the road and at the job site.

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Contractor Truck
Covers
Theft
Step 1 of 4

What keeps you moving?

Select your industry to see relevant coverage options.

Contractor / Trades Tools, generators, excavators, machinery...
Logistics / Hauling Cargo, motor truck cargo, freight...
Specialized Mobile Gear Photography, Medical Equipment, Catering...

Does your current policy cover your tools?

Many business owners mistakenly believe their standard Commercial Property or Auto policy covers their tools. Usually, it doesn't.

Property insurance covers things at your office. Auto insurance covers the truck, not the contents. Inland Marine fills that gap, covering your property while it's in transit or at a job site.

Step 2 of 4

What are you most worried about?

We'll ensure your policy prioritizes these risks.

Theft

Tools stolen from a locked truck or job site overnight.

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Transit Damage

Equipment damaged in a vehicle accident or while hauling.

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Fire / Elements

Damage from fire, lightning, wind, or water at the job site.

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What happens if my tools are stolen?

Tool theft is the #1 claim for contractors. An Inland Marine policy (often called a "Tool Floater") pays to replace your gear so you can get back to work.

Replacement Cost: Get the money to buy new tools (recommended).
Actual Cash Value: Get what the used tool was worth (cheaper premium).
Step 3 of 4

What is the total value of your equipment?

Estimate the cost to replace everything you carry.

Basic
Under $10k
Standard
$10k - $50k
Heavy
$50k+

*We'll help you create a "Schedule of Value" (a list of your tools) later.

Step 4 of 4

Common Add-Ons

Most people bundle Inland Marine with these:

General Liability Protection against lawsuits (slip & fall).
Installation Floater Covers materials (lumber, pipes) waiting to be installed.
Leased Equipment Covers machinery you rent (e.g. Bobcats, lifts).

Wait, "Inland Marine"? I don't own a boat.

It's a weird name for great insurance. Years ago, "Marine" insurance covered goods on ships. "Inland Marine" was created to cover goods moving over land (trucks, trains).

Today, it's just the industry term for property that moves. If your equipment leaves your office, you need Inland Marine.

Perfect for:

  • Contractors & Subcontractors
  • Videographers & DJs
  • Medical Equipment Reps
  • Logistics Companies
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How much does it cost?

Pricing is based on the value of your gear. It's usually very affordable—often $250 to $1,000 a year.

Handyman / Small Kit

$5k Tool Value

~$250 / year

Perfect for a handyman or photographer carrying basic gear.

Most Common
Contractor

$25k Equipment Value

~$600 / year

For crews with a trailer full of power tools, generators, and compressors.

Heavy Machinery

$100k+ Value

$1,200+ / year

Covers excavators, skid steers, and expensive medical/tech equipment.

What affects your premium?

1. Total Value

The more your stuff is worth, the more it costs to insure.

2. The Radius

Do you stay within 50 miles, or do you drive across the country?

3. Security

Keeping tools in a locked garage vs. an open truck bed matters.

4. Deductible

Choosing a higher deductible (e.g., $1,000 instead of $500) lowers your rate.

Frequently Asked Questions

Do I need a list of my tools?
Yes. This is called a "Schedule of Values." For expensive items (usually over $1,000), you list them individually. For smaller items (hammers, drills), you can group them as "Unscheduled Miscellaneous Tools" with a lump sum limit (e.g., $5,000).
Does my Auto Insurance cover tools in my truck?
No. Standard commercial auto policies only cover the vehicle permanently attached equipment (like a ladder rack). They do not cover the loose tools inside the truck if they are stolen or damaged in a crash.
Are tools covered if I leave them at a job site?
Generally, yes. Inland Marine is designed to cover property "off-premises," meaning away from your main office. However, you must take reasonable care to secure them (lock boxes, fenced areas) to ensure coverage applies.
Can I insure rented equipment?
Yes. You can add "Leased/Rented Equipment" coverage. Rental yards will often require you to show proof of this insurance before they let you take a bulldozer or lift off the lot.