Trucks and rails carried more than $951 billion worth of goods in North America in 2019, accounting for 77.6% of all freight transported between the U.S., Canada and Mexico that year, according to the Bureau of Transportation Statistics.

For businesses that frequently ship products, one of the most essential policies they can carry is inland marine insurance. Not to be confused with marine insurance, which covers products transported over water, inland marine insurance protects products, materials and equipment transported on land or when temporarily warehoused by a third party, says the Insurance Information Institute (Triple-I).

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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