Installation floater insurance covers materials, fixtures, and equipment from the moment they leave the supplier until they're fully installed and accepted by the property owner. If you're a contractor who purchases materials, transports them to a job site, and installs them — flooring, HVAC systems, windows, cabinets, electrical systems — the standard property and GL policies leave a gap during transit and installation. An installation floater fills it.
HVAC installers, electricians, plumbers, flooring contractors, cabinet installers, window and door contractors, solar panel installers, fire protection companies, elevator contractors, and any business that purchases, transports, and installs materials or equipment at customer sites.
It covers the materials you're installing — from the time you receive them through transportation, storage at the job site, and installation — until the property owner accepts the finished work. It's the bridge between your supplier's coverage ending and the owner's property insurance beginning.
Costs typically range from $500–$3,000/year based on the maximum value of materials at any one site and your annual installation volume. It's very cost-effective relative to the value of materials at risk.
Inland marine covers your tools and equipment. An installation floater covers the materials you're installing for the customer — materials that will become part of their property. These are different exposures requiring different coverage.
Get a free quote or call (321) 206-8035.