Wholesale inland marine
for commercial property exposures

Inland marine insurance is a category of commercial property coverage for property that moves, travels, or is installed away from a fixed location — plus certain high-value or specialized property that standard property forms won't fully cover. Despite the name it has nothing to do with boats; it covers "floating" property, from contractors equipment to medical devices to goods in transit. Greenwood General places it wholesale for retail agents and brokers.

It covers mobile and specialized commercial property: contractors and mobile equipment (owned, leased, rented, or borrowed), installation materials, scheduled high-value property, property in transit, cargo, warehoused goods held for others, communication and electronic equipment, mobile medical equipment, and fine arts. The specific form is matched to the exposure, so the coverage on any account depends on the property and how it's used.

Commercial property covers buildings and their contents at a fixed, scheduled location. Inland marine covers property that leaves that location — equipment moving between jobsites, materials in transit, goods held in someone else's care — as well as specialized high-value items. Standard property forms often limit or exclude coverage once property is away from the premises, and inland marine is designed to fill that gap.

Yes — that's a core purpose of inland marine. Contractors equipment and equipment floaters cover tools and machinery while they move between jobsites, sit at a temporary location, or are transported, subject to the policy terms. Because standard property forms restrict off-premises coverage, brokers place inland marine for accounts whose equipment doesn't stay in one place.

It can. Contractors equipment coverage can extend to equipment that is owned, leased, rented, or borrowed, which matters for accounts that regularly rent or lease machinery. Disclose the leased and rented values and any contractual insurance requirements so underwriting writes the schedule correctly.

An installation floater covers materials and equipment a contractor is installing — from the time they take possession, through transit and storage, until the installation is complete and accepted. It's commonly used by trade contractors such as HVAC, electrical, and plumbing whose materials are at risk before they become part of the building.

Contractors equipment coverage is an inland marine form that protects the mobile tools and machinery a business uses in its operations — owned, leased, rented, or borrowed — against covered causes of loss on the job, in transit, and in storage. Equipment can be scheduled item by item or covered on a blanket basis depending on the account.

Yes. Builders risk is frequently written on an inland marine form, covering a commercial project during the course of construction. Greenwood General offers builders risk within its inland marine program and as a dedicated program, so brokers can place course-of-construction risk alongside contractors equipment and installation exposures.

A scheduled property floater covers specific high-value commercial items listed individually on the policy — each with its own description and value. It's used for property that needs coverage broader than a standard property form provides, such as specialized equipment, fine arts, or valuable electronic and communication gear.

Any commercial account with property that moves, travels, is installed, or is held for others: contractors and construction companies, equipment rental businesses and dealers, medical providers, telecommunications contractors, warehouse operators, transportation companies, manufacturers, installation contractors, and commercial property owners with scheduled property. If the exposure leaves a fixed location, inland marine is usually the right form.

In many cases, yes. When an account qualifies, the inland marine coverage can be packaged alongside commercial property so the fixed-location and mobile-property exposures sit with one wholesale relationship. Flag both exposures in the submission and underwriting will confirm how the account can be structured.

Inland marine accounts are underwritten individually, so turnaround depends on the class and the completeness of the file. A complete submission — application, schedule of property or equipment list, values and total insured value, description of operations, and loss runs — routes to the right terms fastest. Submit a risk to get started.