Does inland marine insurance cover business personal property?

Inland marine insurance is designed to cover specific types of property, particularly those that are not fixed to a location. This includes property that is in transit over land or while being transported, allowing for protection against various risks such as theft or damage during transportation.

While inland marine insurance can apply to business personal property in certain circumstances, its primary purpose focuses on covering goods and equipment that are being transported, as well as specific types of portable property. For example, it typically facilitates coverage for items that belong to a business and are located off premises, provided they fit the criteria of being in transit or associated with certain classifications such as bridges, buildings under construction, or certain types of vehicles.

Therefore, indicating that inland marine insurance covers property specifically when it is in transit captures its main function, making it the most appropriate answer for the question. The other options misrepresent the scope of inland marine insurance, either by claiming it covers all personal property or misdefining the contexts under which trailers, equipment, or personal property might fall under the coverage.