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  • Writer's pictureVictor Jimenez

Business Property Coverage vs Inland Marine Coverage

Business property coverage and inland marine coverage are two types of commercial insurance policies that offer different forms of protection to businesses. Here are the main differences between these two types of coverage:

  1. Business Property Coverage: Business property coverage is a type of commercial insurance that provides protection to businesses for their physical assets, such as buildings, equipment, inventory, and furniture. This type of coverage typically covers losses due to events such as fire, theft, vandalism, or natural disasters. Business property coverage is usually included in a standard business owner's policy (BOP) or commercial property insurance policy.

  2. Inland Marine Coverage: Inland marine coverage is a type of commercial insurance that provides protection to businesses for their movable property and property in transit, such as goods, equipment, and tools. This type of coverage typically covers losses due to events such as theft, damage, or loss during transportation. Inland marine coverage is usually purchased as an add-on to a standard business owner's policy or commercial property insurance policy.

In summary, the main difference between business property coverage and inland marine coverage is that business property coverage provides protection for physical assets at a fixed location, while inland marine coverage provides protection for movable property and property in transit.



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