Why Inland Marine Insurance is Crucial for Roll-Off Dumpster Companies

Why Inland Marine Insurance is Crucial for Roll-Off Dumpster Companies

Roll-off dumpster companies rely on the safe and efficient transportation of dumpsters,

tools, and equipment between job sites. However, accidents, theft, and damage during

transit are always a possibility. Inland marine insurance is specifically designed to address

these risks, providing coverage for movable property and equipment while in transit or

stored off-site. This coverage is essential for roll-off dumpster businesses that depend on

their equipment to maintain seamless operations. This coverage is typically an add on to

your General Liability insurance.

What is Inland Marine Insurance?

Inland marine insurance covers movable property and equipment that are not confined to a

single location. Unlike standard property insurance, which typically protects items at a fixed

site, inland marine insurance provides coverage for assets in transit or stored temporarily

at various locations. This includes dumpsters, tools, and other operational equipment

crucial to roll-off dumpster businesses. You get to select the amount of coverage you need

based on replacement cost of the equipment you use.

Why Roll-Off Dumpster Companies Need Inland Marine Insurance

Roll-off dumpster operations involve frequent movement of valuable equipment between

job sites. Inland marine insurance provides crucial protection against risks such as:

Transit Damage: Covers damage to dumpsters and equipment while being transported to

and from job sites. Which is not otherwise covered on your commercial auto insurance.

Theft: Protects against the loss of equipment stolen while in transit or stored off-site.

Temporary Storage Risks: Covers damage to equipment stored temporarily at a job site or

staging area.

Specialized Equipment: Ensures coverage for tools and machinery that standard property

insurance might exclude.

Real-World Examples

Example 1: Dumpster Damaged in Transit

A roll-off dumpster company in Georgia experienced significant damage to a dumpster

during transport when it was rear ended by a distracted driver. The truck was not damaged

but the equipment and dumpster were a total loss. Inland Marine coverage replaced the

damaged items covered under our client’s policy.

Example 2: Theft from a Job Site

In Florida, a few dumpsters were stolen from a construction site overnight that was not

monitored by cameras or alarm. Inland marine insurance compensated the company for the

loss, enabling them to replace the stolen items quickly and fulfill their commitments to

clients.

Example 3: Equipment Damage During Temporary Storage

A heavy rainstorm in Texas caused flooding at a temporary storage site where dumpsters

were parked. Inland marine insurance covered the damages, ensuring the company didn’t

suffer costly setbacks.

Benefits of Inland Marine Insurance for Roll-Off Dumpster Companies

Inland marine insurance offers a wide range of benefits, including:

Comprehensive Coverage: Protects valuable assets in transit and at job sites.

Reduced Financial Risk: Covers costs associated with theft, damage, or loss of equipment.

Operational Continuity**: Minimizes downtime by enabling quick repairs or replacements

of damaged assets.

Peace of Mind: Provides assurance that your business is protected, no matter where your

equipment is.

Conclusion

For roll-off dumpster companies, equipment and dumpsters are the lifeblood of the

business. Inland marine insurance provides the protection needed to ensure these valuable

assets are safeguarded during transit and temporary storage. By investing in this

specialized coverage, you can reduce financial risks, maintain operational efficiency, and

focus on growing your business without worrying about unexpected losses.

Click here to find out why general liability insurance is so important in this industry