Does Inland Marine Cover Tools?
Often, if the tools fit the insured-property definition; employee-owned tools and vehicle theft may have separate limits or exclusions.
An equipment floater can cover business tools listed or described in the policy. Employee-owned tools may have a separate limit and location restriction, so do not assume the same coverage applies to every tool.
Check ownership, jobsite and vehicle coverage, unattended-vehicle exclusions, and per-item limits. Compare those limits with replacement costs and ask whether individual tools must be scheduled.
Coverage Guides Related to Inland Marine Insurance
Sources for Inland Marine Insurance Answers
- Commercial Insurance Guide. California Department of Insurance; Property Insurance; Commercial Property; Inland Marine; Boiler and Machinery. Accessed 2026-09-25.
- Inland Marine Policy: Contractors’ Equipment. Markel American Insurance Company / American Association of Insurance Services; hosted by Florida Department of Management Services; PDF p.8 declarations; attached Contractors’ Equipment printed pp.1–13 (PDF pp.18–30); replacement-cost endorsement PDF p.34. Accessed 2026-09-25.