builder's risk

Installation Floater Policy: The Insurance for Materials Between Purchase and Installation

Between when a sub buys a piece of equipment and when it's actually installed in the building, the sub owns something expensive that isn't covered by the project's builder's risk policy — not yet, anyway. Installation floater insurance covers that gap. For specialty trades with significant shop or off-site fabrication, it's essential coverage that many contractors don't think about until something gets damaged in transit.