Installation Floater Insurance is protection for contractors’ and subcontractors’ materials and work in progress. As a contractor or subcontractor, you need to be protected if your work is damaged on your job site or project and in many cases there may not be a builders' risk policy covering your interests.
http://acadiainsurance.com/specialty-risk/inland-marine-risks/construction-property-insurance/installation-floater
Total number of jobs completed in past 12 months: ______________ 4. Approximate percentage of annual installations in: Dwellings: ______% Commercial risks: ______% 5. Maximum number of jobs at risk at one time: _____________________ 6. Lowest Job Value Highest Job Value Average Job Value Dwellings $ $ Commercial $ $ $ 7. Indicate the approximate percentage for cost of materials and labor on installation jobs as follows: Cost of Materials Cost of Labor Dwellings % % Commercial % % 8.
http://www.bedfordunderwriters.com/property/InstallationFloater.pdf
IM-IFAP (07/08) Page 1 of 2 INSTALLATION FLOATER APPLICATION Name of Applicant: ___________________________________________________________ Mailing Address: ______________________________________________________________ Contact Name: ____________________________ Telephone: ____________________ Location Address: ....
http://www.bedfordunderwriters.com/property/InstallationFloater.pdf
No amount of wood glue and duct tape is going to make this cabinet look like the others and a new cabinet will cost $1,500! This is a big job for Bill. His profit for the whole project was supposed to be $7,500. If Bill doesn’t have an installation floater on his insurance policy, he’ll spend $11,500 to replace the damaged counter top and cabinet. But, Bill’s fortunate, his agent at NuStar explained that purchasing an installation floater would eliminate these types of situations and now Bill only needs to pay his deductibles.
http://www.nustarinsurance.net/news/2011/09/what-is-an-installation-floater
An installation floater is an insurance policy that covers personal property installed, fabricated or erected by a contractor.
http://www.nustarinsurance.net/news/2011/09/what-is-an-installation-floater
It covers the property until the installation work is accepted by the purchaser or when the insured's interest in the property installed ceases. As an example, let’s take a remodeling contractor, Bill Sample. Bill is remodeling a kitchen for Mrs. Fussy.
http://www.nustarinsurance.net/news/2011/09/what-is-an-installation-floater
Security measures taken at job site and any temporary storage locations: ________________________________________________________________________________ ________________________________________________________________________________ 14. Loss Record for past three years: Date Amount Type of Loss $ ...
http://www.bedfordunderwriters.com/property/InstallationFloater.pdf
Loss Record for past three years: Date Amount Type of Loss $ ______________________________________________________________ $ ______________________________________________________________ $ ______________________________________________________________ 15.
http://www.bedfordunderwriters.com/property/InstallationFloater.pdf
1 IM 7052 – Contractor’s Reporting Form covers Builders’ Risk exposures on a blanket basis. 2  IM 7053 – Builders’ Risk and Installation Floater Form covers exposures that are expressed under both the Builders’ Risk Form and Installation Floater Forms on a blanket basis.
http://www.commercial.westfieldinsurance.com/2015/03/builders-risk-and-installation-floater-which-coverage-is-right-for-your-project/
1 IM 7053 – Builders’ Risk and Installation Floater Form covers exposures that are expressed under both the Builders’ Risk Form and Installation Floater Forms on a blanket basis.
http://www.commercial.westfieldinsurance.com/2015/03/builders-risk-and-installation-floater-which-coverage-is-right-for-your-project/
what is an installation floater
An installation floater is an insurance policy that covers personal property installed, fabricated or erected by a contractor.