Installation Floater Insurance


Close gaps in your contractors insurance coverage while you are installing roofing, floors, plumbing or other fixtures, or while these materials are awaiting installation.

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Installation Floater Coverage

If you run a contracting business, it’s very likely that you are installing materials and/or fixtures as part of construction or renovation projects. Did you know that the materials/fixtures you are installing are not insured until the client signs off?

What happens if your materials are stolen or damaged while awaiting installation, or during the project itself? This is a critical gap in coverage that could cost your business thousands of dollars. The best protection is to add an installation floater to your contractors insurance policy. Then your construction materials are covered end to end.

An installation floater is a form of builder’s risk insurance and coverage is typically all risks, which means any cause of loss is covered unless it is specifically excluded. An installation floater can cover:

  • Lumber
  • Roofing shingles
  • Wood, laminate and other flooring
  • Pipe and plumbing fixtures
  • Wiring, lighting and electrical fixtures
  • And more…

If you are a subcontractor, you could be covered under the general contractor’s builder’s risk policy, but not necessarily. Don’t leave anything to chance. Call one of our experienced brokers today to go over all your contractors insurance needs!

As a contractor, you work in and around people’s homes and businesses, and even if you apply the strictest quality and safety standards, customers and/or third parties could sue you if they think that your work has led to injuries or damage to their property. Without liability insurance, one claim could cost in the millions of dollars and put you out of business. Without insurance on your vehicles, tools and supplies, a fire or theft could also cost you hundreds of thousands of dollars.


Call for a quote on contractors insurance: 1.800.731.2228

Installation Floater Insurance FAQs

Why installation floater insurance?

An installation floater is a type of builder’s risk insurance that protects materials and equipment from the time a contractor takes possession of them until the materials are installed and the client signs off that the installation is complete. As a contractor, if you don’t have this floater as part of your policy, you could be exposed to tens of thousands of dollars in losses if materials or equipment are stolen or damaged before the customer signs off on the job.

Who needs an installation floater?

If you are the contractor installing something as part of a larger job, it’s a good idea to purchase an installation floater, or to confirm whether the general contractor or the manufacturer already have this coverage. So if yours is an electrical business that is installing wiring and lighting fixtures, for example, you should make sure this equipment is covered either by a builder’s risk policy or an installation floater.

Who needs an installation floater?

If you are the contractor installing something as part of a larger job, it’s a good idea to purchase an installation floater, or to confirm whether the general contractor or the manufacturer already have this coverage. So if yours is an electrical business that is installing wiring and lighting fixtures, for example, you should make sure this equipment is covered either by a builder’s risk policy or an installation floater.

What does an installation floater cover?

An installation floater can protect all of the building materials and fixtures that you use in the course of a project, but not your tools or vehicles, from any perils that are not specifically excluded. Typically this covers you for a lot of the same things that a homeowners policy covers:

  • Damage or loss from fire,
  • Damage or loss from wind or lightning
  • Damage or loss from vandalism or theft

How do I buy an installation floater?

Installation floaters can be added to a builder’s risk policy for a particular project, or to a contractors insurance policy as an ongoing coverage.

What happens if the job is delayed or cancelled?

An installation floater that is tied to a particular project may have an end date, so if timelines change, the policyholder should let their broker know about the change to ensure there are no gaps in coverage. If you have an installation floater as part of your ongoing contractors insurance package, delays or other changes to individual projects don’t need to be communicated to the insurer.

How much is an installation floater?

The good news is that many reputable contractors insurance packages will include Installation Floater coverage as part of their package. In cases where coverage is optional, you can expect to pay in the region of $100 for $50,000 of coverage.

Ontario contractors insurance for as low as $67 per month.
Contact a Mitchell & Whale commercial broker to get a quote on contractors insurance coverage in Ontario: Speak with a broker today: 1-800-731-2228


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