Inland marine
Portable tools, prototypes and property at another location need a review of where they travel and who holds them.
Inland marine insurance can address movable property and certain property away from a fixed premises. The relevant form depends on the item and its use, so a shipment, an installation and a loaned prototype should each be described.
Write down the collection point, storage stops and final destination. Explain whether your staff, a customer or a transport provider moves the property. Coverage boundaries may change at each handoff.
A prototype owned by your business differs from a borrowed testing instrument or equipment hired for an installation. Keep the ownership facts and the agreement allocating responsibility beside the equipment list.
A description such as portable equipment is only a starting point. Ask about theft conditions, unattended vehicles, installation or testing restrictions, and the territory in which the form applies.
A hardware business sends a demonstration unit to a customer and leaves it there for evaluation. Before it travels, identify who owns the unit, who transports it, where it will stay and what testing involves. A description of those stages is more useful than calling the whole movement a delivery.
These are review topics, not a statement that a particular loss is covered. Policy wording, scheduled property, limits, deductibles and exclusions determine the response.
Reference for coverage terminology: California Department of Insurance commercial insurance guide.
All coverage topicsA new machine, outside storage or a first customer installation can change the insurance discussion. Procurement services are performed by Spot and its brokerage partners; Potrero Risk does not itself transact insurance.