Inland Marine for Medical and Laboratory Instruments
What this clause says
Vendor shall maintain Inland Marine insurance covering medical and laboratory instruments, devices, and demonstration equipment in transit, off-site, or in customer custody, with limits sufficient to replace the largest single item or shipment.
What this means in plain English
Inland marine extends property coverage to mobile or off-premises equipment — instruments at customer sites, devices in transit, demonstration equipment, samples and prototypes. Standard commercial property forms cover property at the named premises only.
What it means for a CDMO program
Medical device manufacturers, diagnostic labs, and CROs with equipment in customer custody or in transit should carry inland marine. Limits sized to the highest-value single item or single shipment, typically $250K-$5M depending on portfolio.
How this evaluates
The Decoder applies these rules in order; the first match wins.
- inland marine › limit is at least $250K → Compliant: Inland marine in place.
- inland marine › limit is not set → Borderline: No inland marine indicated.
See this in your MSA
Pre-loaded with this clause selected.
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