Installation floater insurance protects against loss or damage to materials and other commercial property while transported to, stored, or installed at a job site or other location.

This article will tell you what you should know about this insurance type before purchasing it:

What Is Installation Floater Insurance?

Installation floater insurance protects construction materials while they are being installed. It covers building materials and is usually kept active until the job is completed and approved by the client.

With installation floater insurance, the policy covers the costs to repair or replace the installed equipment. The insurance also pays for any lost business income if the equipment being installed is damaged and the business has to close while it’s being repaired.

Why You Need Installation Floater Insurance

This type of insurance protects your equipment and materials while they are on the job site. It can cover theft, vandalism, weather damage, and even accidents. If something happens to your equipment while on the job site, this insurance can help you replace it.

An electrician might purchase this insurance coverage to financially protect themselves against theft of copper wire at a job site. You will be compensated for the loss minus the deductible if your project is damaged by fire, vandalism, or negligence.

Installation Floater Insurance vs. Builders Risk Insurance

A builder’s risk policy is a type of insurance that a contractor can purchase to protect against damages that may occur during building construction. An installation floater policy is a type of insurance that covers the materials that a subcontractor is responsible for.

Contractors use two main types of insurance to cover their property at a temporary job site – builder’s risk and installation floater insurance. Builder’s risk covers the overall project, while installation floater insurance covers building materials and the equipment used to install it.

If a fire or other disaster destroyed a building under construction, it would be covered by the contractor’s builder’s risk insurance policy. If the damage occurred before or during the installation of materials such as drywall or roofing, it would be covered by installation floater insurance.

Exclusions of Installation Floater Insurance

Installation floater insurance covers damage to building materials while they are under a contractor’s control. This includes hauling materials to a job site, storing them on site, and installing them.

So if your house burns down or your stuff is stolen, your insurance will cover it. But if something bad happens while you’re transporting your stuff, it probably won’t be covered.

This type of insurance is designed to cover items not permanently attached to a structure or project. This might include tools, machinery, and equipment. Basically, anything that is not considered part of the actual project itself.


Installation floater insurance can be vital for businesses that rely on equipment and tools to function, as it can protect against the cost of replacing or repairing damaged items. Installation floater insurance typically has a higher deductible than other types of insurance, so it is important to factor that into your decision-making process. Before obtaining a policy, it is important to research different providers and compare rates to find the best coverage for your needs.

Pascal Burke Insurance Brokerage Inc. are specialists in an array of policies that cover not only general cases but also specialty contractors. You won’t have to worry about breaking the bank with our great rates! If you want to get installation floater insurance, we’ve got you covered! Get in touch with us today!