Installation Floater Insurance
Installation floaters provide course of construction coverage for property of the insured and property of others that is being installed or awaiting installation. This is an Inland Marine policy that can help protect subcontractors and service providers from the exposures they face during installation.
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Appetite
An Installation Floater Builders Risk policy is typically purchased by subcontractors, tradesmen and service providers who are responsible for their own labor and materials until the installation is completed and accepted by the owner or general contractor.
- Residential and commercial installation projects valued at $75 million and under are eligible, including plumbers, electricians, carpenters, commercial landscapers, and other service providers.
Common installation projects include but are not limited to:
- Asphalt and concrete
- Cabinets
- Cellular tower
- Heating and air conditioning (HVAC)
- Fencing
- Parks and playgrounds
- Pipeline
- Plumbing
- Roofing
- Scoreboards
- Sewer lines
- Solar panels
- Water treatment plant improvements
Geography
- Nationwide
Ineligible risks
- Contractors in the business of hoisting, lifting or moving property for others, e.g. rigging contractors.
Coverages offered
Protection for direct physical loss or damage to materials, supplies, machinery, equipment, fixtures and other property of a similar nature for which you are responsible and that is designated to become a permanent part of a covered project.
- No premium commitment is required.
- Register online for instant access.
- Rate, quote and issue most policies online in minutes.
- Installation projects up to $75 million
- Two or more years of related business experience
- Residential and commercial subcontractors and service providers are eligible.
- Policy options to insure one or multiple installation projects in one or more states
- Protects material or equipment to be installed in the insured’s care, custody or control
- Extended coverage while in transit and temporary storage
- Coverage for labor and profit
- Admitted
FAQs
Installation Floater Insurance from Zurich provides course of construction coverage for property that is being installed or is awaiting installation. This inland marine policy helps protect both the insured’s property and property of others while materials, equipment and fixtures are on site or in transit for installation.
An Installation Floater Builders Risk policy from Zurich is typically purchased by:
- Subcontractors
- Tradespeople
- Service providers
These businesses are usually responsible for their own labor and materials until installation is completed and formally accepted by the owner or general contractor.
Zurich Installation Floater Insurance supports residential and commercial installation projects valued at $75 million or less. Eligible projects include work performed by:
- Plumbers
- Electricians
- Carpenters
- Commercial landscapes
- HVAC contractors
- Other installation focused service providers
Coverage is available nationwide.
Zurich Installation Floater Insurance may cover projects such as:
- Asphalt and concrete installation
- Cabinets and interior finishes
- Cellular towers
- Heating, ventilation, and air conditioning (HVAC) systems
- Fencing
- Parks and playgrounds
- Pipelines and sewer lines
- Roofing
- Scoreboards
- Solar panels
- Water treatment plant improvements
Each project is reviewed to ensure alignment with underwriting guidelines.
Zurich Installation Floater Insurance provides coverage for direct physical loss or damage to:
- Materials and supplies
- Machinery and equipment
- Fixtures and similar property
The covered property must be designated to become a permanent part of the insured construction or installation project.
While both provide course of construction coverage, Zurich Installation Floater Insurance is specifically designed for subcontractors and service providers who are responsible for installation work. Builders Risk insurance is more commonly purchased by owners or general contractors for entire construction projects.
Zurich Installation Floater Insurance is not available for contractors whose primary business involves hoisting, lifting, or moving property for others, such as rigging contractors.
Project eligibility is determined based on operational focus and risk characteristics.
Zurich Installation Floater Insurance is available nationwide, subject to underwriting review and jurisdictional requirements.
Policies may be written on admitted or non admitted paper, depending on project details, location, and underwriting considerations. This flexibility allows Zurich to support a wide range of installation exposures.
Installation Floater Insurance from Zurich is well suited for:
- Subcontractors responsible for labor and materials
- Service providers working on installation only scopes
- Businesses needing protection for property prior to project completion
This coverage helps reduce financial risk during installation specific phases of construction.
To obtain Zurich Installation Floater Insurance, businesses can request contact through the Installation Floater appetite page on ZProgramsMatch.
Contractors choose Zurich for Installation Floater Insurance because of:
- Coverage designed for subcontractor and installer exposures
- Nationwide availability
- Flexible admitted and non admitted options
- Strong claims and risk management support
Zurich combines construction focused expertise with financial strength to protect installation projects from start to completion.