Definition: Inland Marine Insurance covers a wide range of risks that may affect an inland marine vessel or equipment, such as: 1. Waterfront risk: Inland marine insurers cover potential liability for accidents on the waterfront or adjacent to ports and harbors where the vessel is operating. 2. Cargo risk: This includes covering loss caused by theft, damage, fires, etc., of cargo that may be transported along inland waterways, such as grain, oil, or coal. 3. Personal injury risk: Inland marine insurers cover liability for injuries sustained by individuals who are on board an inland vessel due to accidents, assaults, etc., which may occur on land or in the waters. 4. Environmental damage: Inland marine insurance covers liabilities associated with environmental damage caused by spills, releases of chemicals, etc., that may affect a vessel's ability to operate safely downstream and prevent it from becoming a hazard to navigation. 5. Damage to property: This covers risks related to accidental damage or destruction of property due to accidents on the waterfront or adjacent to ports. The word "inland marine insurance" refers to all types of inland waterway activities that involve the use of vessels, equipment, or other forms of transportation. It encompasses various sectors such as shipping, fishing and aquaculture, and construction industries.

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