Installation Floater Coverage
Installation Floater Insurance protects materials, equipment, and supplies during transit, temporary storage, and installation at project sites.
Coverage is designed for contractors, manufacturers, suppliers, and project owners involved in construction, infrastructure, manufacturing, and equipment installation operations where property may be exposed to loss or damage before final completion.
Coverage typically responds to losses involving theft, accidental damage, fire, vandalism, weather events, transportation incidents, or other covered causes of loss affecting materials and equipment intended for installation or incorporation into a project.
Coverage may also include protection for:
Materials in transit and temporary storage: Coverage for installation materials and equipment while being transported or temporarily stored prior to installation.
On-site installation exposures: Protection for property awaiting installation, partially installed equipment, or materials incorporated into ongoing projects.
Theft and physical damage: Coverage for losses arising from theft, vandalism, accidental damage, fire, or certain weather-related events impacting covered property.
Testing and commissioning exposures: Protection for certain losses occurring during testing, startup, or commissioning of installed equipment and systems.
For organizations with multinational operations or cross-border projects, coverage is often coordinated through a Controlled Master Program (CMP), such as the WMB Global Risks Global Master Program, with locally admitted policies where required to support coordinated protection and regulatory compliance across jurisdictions.
Installation Floater Insurance is designed to help organizations protect critical project materials and equipment, reduce financial disruption, and support continuity throughout the installation process.