Is this the same as builders risk?
No. They can overlap, but an installation floater is typically focused on the contractor’s materials or equipment being installed.
Installation Floater Insurance
Materials can be exposed long before the final installation is complete. An installation floater can help address property intended to become part of a project while it is in transit, temporary storage or awaiting installation.
What to Review
Contractor insurance starts with the work—not a generic class description.
Project type, job-site conditions, subcontracting, contracts, fleet, equipment and completed work can all change the insurance conversation.
TransitMaterials can be damaged while moving to the project.
Temporary storageProperty may sit off-site before the job is ready.
Job-site exposureWeather, theft and accidental damage can occur before installation is complete.
Risk transferContracts should identify when responsibility for materials passes between parties.
Common Questions
Questions worth answering before renewal.
When does coverage end?
Policy wording varies; completion, acceptance, occupancy and installation milestones should be reviewed.
Can it cover customer-owned equipment?
Potentially, depending on the form and the contractor’s responsibility.
Keep Exploring
Related contractor insurance topics.
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Learn more →Have a renewal coming up?
Start with a conversation about your operation, current program and what you want to improve.