(Inland Marine Insurance)
Essential protection for the things you can’t do business without.
Theft & Damage Coverage, also known as inland marine insurance (IM) for artists and crafters, protects your movable business property in case of theft or damage. Like a finishing varnish, it ensures your tools, supplies, and inventory are safeguarded against mishaps — so you can run your creative business confidently.
Imagine all your merchandise stolen on the way to your next event. It’s a worst-case scenario that can be a huge setback for your business. Theft & Damage Coverage gives you peace of mind, knowing you can recover quickly and get back to selling your one-of-a-kind creations.
This coverage is designed to cover theft and damage of:
This insurance won’t cover:
Every artist, crafter, or tradesperson who creates products or uses valuable tools needs this coverage!
This coverage is an optional add-on to your ACT Pro or Go policy. If your covered tools, supplies, or inventory are stolen or damaged, this coverage will pay to repair or replace the items.
Of course, you pour your heart into the products you make — and the value of art can be subjective — so for products you’ve already created, this coverage helps with the costs of replacing the raw materials.
It’s as simple as “click, quote, create.” Here’s what you need:
With ACT, get covered in under 10 minutes — just in time for your next fair, festival, or market! Complete our online application, purchase a policy, and your Certificate of Insurance (COI) is instantly available.
With coverage for theft and damage, you can be covered for things like:
ACT Pro
ACT Go
ACT offers flexible, affordable coverage for your valuable tools and supplies so you can create and sell with total peace of mind. Plus, with monthly and annual payment options on ACT Pro, you can protect your business essentials on a schedule that works for you!
Easily add Tools & Supplies Coverage to your ACT policy online and stay protected while you’re on the go or at your workshop. No matter how you create, ACT is designed to keep up with your business!
General liability insurance is protection if your business unintentionally harms someone else, but inland marine insurance is designed to help you if your business essentials get stolen or damaged.
Yes, it does! As long as the item is not permanently installed at your business, it can be covered. So, if you rent a tent for an event and unexpected weather damages it, Theft & Damage Coverage can kick in to repair or replace it.
Yes, your inventory is covered when you ship it! This coverage is ideal for artists and crafters who move business property to and from locations, whether from the studio to a gallery or a customer’s home.
Check out our coverage overview.
