Does Inland Marine Cover Customer Property?

Customer property may be covered under a specific floater when the business has custody of it, but that does not mean every customer item is included. In the sample contractors’ equipment form, certain equipment of others in the insured’s care, custody, or control is covered only when the relevant schedule option and item descriptions apply. Another inland-marine form may treat customer property differently.

Check the contract that makes you responsible for the property, who owns it, where it is kept, and whether it is being repaired, installed, transported, or stored. Review limits for property of others and any exclusion for property entrusted to you. Confirm whether liability coverage, property coverage, or both are needed for the particular obligation.