Installation floater insurance can help protect materials, supplies and equipment intended for installation while they are in transit, temporarily stored or at a job site before the work is complete. Coverage depends on the policy wording, project and property involved.
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Installation floater coverage is a type of inland marine property insurance often used by contractors and installers. It can respond to covered direct physical loss or damage to property being installed, subject to the form, limits, deductible and exclusions.
For example, a mechanical contractor may have HVAC units delivered to a job site weeks before installation. If covered equipment is stolen or damaged during that period, an appropriately written installation floater may help address the loss.
Not necessarily. Builders risk commonly addresses property associated with a construction project more broadly; an installation floater generally focuses on specific materials or equipment to be installed. The two can overlap, so coordinate forms and contracts to avoid gaps or unnecessary duplication.
Coverage may terminate at installation, testing, acceptance, use, occupancy or another policy-defined milestone. Confirm the exact trigger and whether testing or commissioning is included.
Sometimes. Eligibility depends on the insured's interest or responsibility, the property description and the policy's terms. Do not assume customer-furnished equipment is automatically included.
Wear and tear, faulty workmanship, mechanical breakdown, flood, earthquake or theft from an unattended vehicle may be restricted or excluded, depending on the form. Coverage for testing, rigging and off-site storage may also require special attention.
Electrical, HVAC, mechanical, plumbing, technology infrastructure and equipment-installation contractors may have substantial materials at risk before a project is complete.
General liability is primarily designed for covered third-party liability claims, not first-party loss to a contractor's own installation materials. An installation floater addresses a different exposure.
Useful details include the type and maximum value of materials being installed, project locations, transit distances, temporary storage arrangements, who owns the property, expected installation and testing dates, and any general contractor insurance requirements.
We can also review how the installation floater coordinates with builders risk insurance and contractors equipment and inland marine coverage. Those policies protect different property interests and should not be assumed interchangeable. If your business also ships materials between warehouses, suppliers or customers, review trip transit and goods-in-transit insurance. Transit and installation coverage can overlap, but neither should be assumed to replace the other without reviewing the forms and coverage periods.
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Learn more →An installation floater is a form of inland marine insurance that covers materials, equipment and fixtures a contractor is installing, from the time they leave the supplier, while in transit, while stored at the jobsite and until the work is accepted by the owner. It fills a gap that a contractor's general liability policy and a building owner's property policy often leave open.
Contractors in Utah who install HVAC systems, electrical gear, cabinetry, glass, signage or machinery commonly carry an installation floater, and many contracts require it. Forms vary by carrier, so the covered locations, transit limits, deductibles and when coverage ends are worth reviewing before a project starts.
Generally, direct physical loss to materials and equipment that will become part of a structure or installation, while in transit, in temporary storage and at the jobsite, subject to the policy's terms, limits and exclusions.
Builders risk usually covers the whole structure under construction and is often purchased by the owner or general contractor. An installation floater is typically bought by a subcontractor or installer to cover their own materials and work in progress.
Coverage commonly ends when the installation is completed and accepted, when the owner's interest begins, or when the policy period ends. The exact trigger depends on the form, so review it against your contracts.
Contractors with steady volume often use an annual blanket form with per-job and per-location limits. Contractors with an occasional large job may add project-specific coverage. We can help you compare both.
Related pages: Construction & Specialty Trades · Contractors Equipment & Inland Marine · Builders Risk for Contractors · HVAC Contractor Insurance · Electrical Contractor Insurance
Tell us what you install, where the materials are stored and transported, and what your contract requires. We can review coverage options and help you request a quote.