An Introduction to Installation Floaters: What They Are and Why Your Construction Business Needs Them

An Introduction to Installation Floaters: What They Are and Why Your Construction Business Needs Them

As a construction company owner, you know how important it is to insure yourself and your assets against unexpected events. There are a variety of different types of insurance policies out there, each designed to protect you from a specific set of risks. One type of insurance that you may not be as familiar with is the installation floater. In this blog post, we’ll introduce you to installation floaters, explain what they are and how they work, and discuss why your construction business needs one.

What is an installation floater?

An installation floater is a type of insurance policy that provides coverage for building materials and equipment that are being transported to a job site, as well as any materials and equipment that are stored on-site during the course of a construction project. This type of policy is created to protect you from the financial losses that could result if these items are damaged, lost, or stolen.

How do they work?

When you purchase an installation floater policy, you’ll be asked to provide a list of the equipment and materials that you want covered. You’ll also need to provide information about where these items will be stored and transported, as well as how long you’ll need coverage for. Once your policy is in place, your insurer will provide you with coverage up to the policy limits for any losses that occur during the covered period.

Why does your construction business need one?

There are a number of reasons why an installation floater is an important insurance policy for construction businesses to have. First and foremost, it provides protection against the financial losses that could result from unexpected events such as theft, fire, or natural disasters. Additionally, it can help you avoid project delays and cost overruns by ensuring that you have the equipment and materials you need to complete your projects on time and on budget.

How do you choose the right policy?

When selecting an installation floater policy, there are a few key factors to consider. First, you’ll want to make sure that the policy covers the specific materials and equipment that your business uses. You’ll also want to consider the policy limits and deductibles, as well as any exclusions or limitations that may be in place. Finally, you’ll want to work with an experienced insurance provider who understands the unique risks and challenges faced by construction businesses.

How much does a policy cost?

The cost of an installation floater policy will vary depending on a number of factors, including the value of the materials and equipment being covered, the locations where they will be stored and transported, and the length of the policy term. In general, however, installation floater policies are relatively affordable and can provide significant peace of mind for construction business owners.


In conclusion, if you are a construction business owner, an installation floater policy is an essential type of insurance coverage to consider. It can provide protection against a wide range of unexpected events, helping you avoid financial losses and project delays. As you explore your insurance options, be sure to work with an experienced provider who can help you design a policy that is tailored to the unique needs of your business.