Why it matters for your company
The name comes from cargo insurance, and the idea is the same. A commercial property policy covers contents at your own locations. An inland marine policy follows scheduled items wherever they are, which is how a robot fleet actually operates.
Each unit is usually listed with a value, and the form states whether it pays replacement cost or actual cash value. Read the transit, theft and mysterious disappearance wording, and check whether a unit left on a customer site is still covered when nobody from your team is there.
Related terms
- Equipment floaterAn inland marine form that covers listed equipment against physical loss wherever it is located. Contractors and robotics companies use it for machines that work away from their own premises.
- Hull coveragePhysical damage insurance on an aircraft itself, including a drone and often its payload and ground equipment. It is the aviation equivalent of equipment coverage.
- Business interruptionCoverage that replaces income lost and extra expenses incurred while covered physical damage is repaired. It is usually part of a property policy, and the physical loss is what triggers it.