From unexpected damages to stolen items, Inland Marine (business personal property) coverage is here to protect you, or rather, your things! Inland Marine (IM) can cover items like equipment, costumes, or goods for damage or theft while in storage, in transit to/from a show, and while at a show.
SIA’s base policy is a Commercial General Liability (CGL) policy which protects you if someone gets hurt because of you/your business, from any property damage that could arise from you being at an event/venue, and personal advertising injury (like offending someone). However, CGL doesn't cover damages to the physical items you own for your business, like costumes, computers, or equipment. Insureds often think their business personal property is covered with a CGL policy only to find out too late they will have to cover these costs out of pocket. Some damage or theft losses can be quite devastating, especially if it prevents you from being able to book events/venues. Read below for more information about our different IM policies!
Individual Performers and Mobile Vendors
To see current pricing for Inland Marine coverage, check out the Performer page or Mobile Vendor page. To find pricing information, go to "Customize Your Policy" on the righthand side of the screen and click "Business personal property (Inland Marine)." This option is available per policy period. You can add this coverage at any time, but the coverage will end on your general liability policy expiration date. Please note, there is a 100% coinsurance clause. This means the entirety of your insured items must be equal to or less than your coverage limits. Please read the coinsurance clause blog for more information.
Music, Photos, & Event Planners (MPEP):
- To get a quote for an active MPEP policy, please call our office (715-246-8908) or send an email to info@specialtyinsuranceagency.com. You can add this coverage at any time, but the coverage will end on your general liability policy expiration date.
- To get a quote at the time of renewal, go to the bottom of the application to "Optional Coverage" and click the toggle on for "We want property coverage." Once toggled on, you can type in the desired amount of coverage you need. This option is available per policy period.
- Please note, each item of Covered Property must be separately listed in the Schedule, and be insured for the replacement cost of the item. There is a 100% coinsurance clause. This means the entirety of your insured items must be equal to or less than your coverage limits. Please read the coinsurance clause blog for more information.
For all policies, Inland Marine (business personal property) coverage has a deductible that varies depending on which policy you hold. For information about Inland Marine coverage, deductibles, and limits, check out our website or contact our office via email info@specialtyinsuranceagency.com or phone 715-246-8908.
