What is an installation floater policy?

Answer 1

Often confused by non insurance specification writers to mean liability coverage against faulty installations by contractor and artisans and mechanics, it is a policy written to cover equipment and machinery and tools used by such contractors whilst installing their machine,equipment and various other property on jobsites and the floater aspect is that the equipment/tools etc travel from place to place to be re-used and or re-supplied to the next location of services. It is not liability insurance nor is it builders risk as it applies to movable property vs Real property items. It is an essential part of any contractors,artisans or mechanical rigger or installers portfolio of requisite coverage needs.