In SSMS, there's a Generate Script utility (read: only available under version 2008 and up) .
Here are the steps you would need to take to make use of the utility:
- Right click on the database you're interested in and go to Tasks -> Generate Scripts
- Select the tables and/or any other objects you'd like in order to get them into the script.
- Navigate to Set scripting options. Click on Advanced.
- Under the General category, navigate to Type of data to script
- Select the Schema and Data option to get the insert statements generated. Click OK.