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Inland Marine

The average cost of an offshore oil-drilling rig is $650 million. Your company’s equipment is one of your most important assets and can be costly to replace in the event of a loss. If your business owns or operates expensive mobile equipment, then you need Inland Marine insurance.

All of our insurance coverage offerings share the same goal: to ensure the success and sustainability of your business. We offer inland marine insurance to safeguard the large investments you make on your company’s machinery and other assets. You can trust that our team members have the education and experience necessary to properly secure your materials and equipment.

What is inland marine insurance?

Inland marine insurance covers products, material, and equipment when it is transported over land (e.g. via truck or train), used in the field, or temporarily warehoused by a third party. Many businesses don’t realize that their business owner’s policy doesn’t cover losses that occur off-site. In the oil & gas industry, there are billions of dollars’ worth of equipment operating in the field each day. This policy is designed to cover all of your company’s equipment, whether it is stolen from the yard, blown over in the field, or destroyed by a blowout. Equipment covered can include the following:

  • Computers
  • Construction/Dirt Work Equipment
  • Hot Oilers
  • Rigs
  • Employee Tools
  • Reverse Units
  • Frac Tanks
  • Cementing & Acidizing Equipment
  • Rental Equipment
  • Auto Physical Damage

Our professionals have years of experience in protecting our oil & gas customers’ equipment from theft or damage.

Why work with InSource?

You can rest assured that our team members have the experience and partnerships necessary to provide a diverse offering of quality commercial inland marine insurance coverage and unparalleled customer service. We are able to offer such diverse options because we have direct access to over 50 insurance carriers that offer this specialty coverage. This variety allows for multiple coverage and deductible options for our policyholders. Our dedicated team members will explain each option and help you pick the plan that best fits your company’s unique needs and budget. Once you have chosen your plan, we will ensure that your team is fully aware of the details and management of your policy.

Trust the experienced professionals at InSource with all of your equipment insurance needs. Our team is dedicated to your success and will create a policy designed to protect your investments against threats that could unexpectedly harm your business. To learn more about our policies or to get started designing your customized coverage plan, contact us today!

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