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Wisconsin inland marine forms must state the perils

Wisconsin defines fire, inland marine, and other property insurance as cover for loss to real and personal property, while stationary or in transit, from fire or any other peril, and it defines ocean marine separately as insurance against perils of the seas. A fire, inland marine, or other property form may be treated as misleading if it does not clearly state the perils, limitations, and conditions. The authorized loss-payable clause says the loss amount is payable 60 days after proof of loss. 1,2

What Is Tools, Equipment And Inland Marine?

If your business moves equipment between sites or ships goods, inland marine can cover those property exposures; installation and other forms address different property categories. Match the quote to what you own, rent or hold for others. Read the national Tools, equipment and inland marine guide.

What to Watch for in Wisconsin

  • The Form Has to Say Which Perils Apply

    Section Ins 6.76 says a fire, inland marine, or other property form, as defined in Ins 6.75(2)(a), may be treated as misleading, deceptive, or obscure under s. 631.20(2) if it does not clearly state the perils covered, the limitations, and the conditions, if it contains provisions contrary to law, or if it omits specified clauses where appropriate. Those clauses include the location and description of the property, other insurance, conditions that suspend or void coverage, termination, mortgagee interests, and obligations when a loss occurs. Ask for the peril list in plain language before you bind. 2

  • The Authorized Loss-Payable Clause Uses Sixty Days

    The authorized loss-payable clause in Ins 6.76(3) says the amount of loss for which the company may be liable shall be payable 60 days after proof of loss. That is a form standard for when payment is due, not a promise that every loss is covered. Ask whether your floater uses that clause and what proof the insurer requires. 2

  • Ocean Marine Is a Different Paragraph

    Ins 6.75(2)(a) covers property while stationary or in transit and excludes insurance defined in any other paragraph. Ins 6.75(2)(b) defines ocean marine as insurance against the perils of the seas and other related perils usually insured against by ocean marine insurance. A Great Lakes or ocean cargo policy is not the same paragraph as an inland equipment floater. 1

Who Regulates Insurance in Wisconsin

Wisconsin Office of the Commissioner of Insurance

The Wisconsin Office of the Commissioner of Insurance administers Wisconsin insurance laws, oversees insurers and insurance producers within its authority, and provides regulatory and consumer resources. You can use the department's complaint process to raise an insurance issue and its licensing resources to check insurance professionals. 3,4,5

Surplus-lines tax and stamping office

Reported tax rate: 3% of premium The NAIC's state chart lists a 3% of premium charge for surplus-lines coverage for Wisconsin (the chart's state entries were reviewed in October 2025). Your broker may collect the applicable amount with the premium. Surplus-lines insurers are not licensed in the state and generally are outside state guaranty-association protection; ask your broker to explain the insurer's financial protections and any diligent-search requirement that applies to your placement. 6,7

Providers With Documented State Licenses

These providers publish a national listing for Tools, equipment and inland marine; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Wisconsin. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 13TechInsurance arranges inland marine coverage for contractors’ tools and equipment.

Questions to Ask Before You Buy in Wisconsin

  1. Which perils, limitations, and conditions does the inland marine form state in clear language?
  2. Does the loss-payable clause make payment due 60 days after proof of loss?
  3. Is any of this cargo ocean marine under Ins 6.75(2)(b) rather than inland marine?

Tools, Equipment And Inland Marine in Wisconsin: FAQ

Can a Wisconsin inland marine form be rejected for hiding the perils? 2

Yes. Ins 6.76 says a fire, inland marine, or other property form may be treated as misleading, deceptive, or obscure if it does not clearly state the perils covered, the limitations, and the conditions. 2

Is ocean marine the same line as inland marine in Wisconsin's kind-of-insurance rule? 1

No. Ins 6.75(2)(a) defines fire, inland marine, and other property insurance. Ins 6.75(2)(b) separately defines ocean marine as insurance against the perils of the seas. 1

Tools, Equipment And Inland Marine in Other States

Other Coverage in Wisconsin

Sources

  1. Wis. Admin. Code § Ins 6.75(2). Wisconsin Legislative Reference Bureau; Ins 6.75(2)(a) inland marine and (2)(b) ocean marine. Accessed 2026-09-29.
  2. Wis. Admin. Code § Ins 6.76. Wisconsin Legislative Reference Bureau; Misleading forms; authorized loss-payable clause payable 60 days after proof of loss. Accessed 2026-09-29.
  3. Wisconsin Office of the Commissioner of Insurance. Wisconsin Office of the Commissioner of Insurance; Official regulator website; insurance oversight and consumer/professional resources. Accessed 2026-09-28.
  4. Insurance Department Directory. National Association of Insurance Commissioners; Wisconsin Office of the Commissioner of Insurance entry; official contact and website listing. Accessed 2026-09-28.
  5. Surplus Lines Insurance Premium Taxes. National Association of Insurance Commissioners; WI row; state surplus-lines premium-tax rate reviewed October 2025. Accessed 2026-09-28.
  6. Guaranty Associations & Funds. National Association of Insurance Commissioners; Coverage of claims from insolvencies of insurers licensed in a state; surplus-lines insurers are nonadmitted. Accessed 2026-09-28.
  7. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  8. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  9. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  10. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  11. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  12. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  13. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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