In everyday life, we often entrust thing we personally own or also entrusted to us to the care of other people. In most businesses, there are items like money, important papers, equipment and personal assets like paintings or jewelry that need to be moved from one place to another. These things are entrusted to a third-party for safekeeping like cargo forwarders, money transfers, banks, shippers, movers, builders, and the like. In turn, these businesses have the responsibility over valuables and even small items entrusted to them. As such, it is necessary for them to have an inland marine insurance. An inland marine insurance is a type of a commercial insurance that provides indemnity to property, valuables or money in transit as well as those in one’s premises as a part of a “move” process or simply as a form of storage or safekeeping. Inland marine insurance is an offshoot of the ocean marine insurance, which transporters of commodities acquire to protect themselves as well as their clients and their goods from any untoward incident that may happen in a commercial voyage. As cargoes were hauled from one port to another on land, there is a need to provide security to the goods during the non-ocean portion of the transport. As such, inland marine insurance became necessary. Today, inland marine insurance also covers all properties that simply involve some form of location transfer or safekeeping, not necessarily entailing marine transport. The coverage’s of an inland marine insurance typically includes money, accounts receivables, valuable documents, customer’s goods, museum and exhibition items, fine art pieces, jewelry, mobile medical and technology equipment, vehicles and personal belongings.