Installation Floater Insurance

Standard property policies do not cover materials that are being installed. Without proper insurance in place, commercial operations can potentially diminish their profit margins or end up losing money on their jobs. An installation floater is an insurance policy that covers personal property installed, fabricated or assembled by a contractor. It covers the property until the installation work is accepted by the purchaser or when the insured’s interest in the property installed ceases.  Installation Floater coverage can help limit the impact when accidents occur.

While a builders’ risk policy typically covers entire projects, an installation floater protects the materials and tools that contractors use in the course of business. With this coverage, the specific equipment and materials used for install are covered.

Who is Installation Insurance Right For?

•  Specialty trade and general contractors
•  Real estate developers
•  Building owners

Installation floater coverage is built with your specific project in mind. It provides protection for direct physical loss or damage to materials, as well as supplies and labour costs, for property being installed at job sites. Materials are also covered while in transit and stored at temporary locations.