Installation Floater Insurance for Commercial Roofing Contractors
An installation floater covers materials and equipment you are contracted to install, from the moment of purchase through final installation. For commercial roofers handling large orders of membrane, metal panels, insulation, and fasteners, the gap between delivery and installation can be days or weeks — and that material is at risk the entire time. This policy fills the coverage void between your supplier's responsibility and the building owner's property policy.
What It Covers
Installation floater covers materials and equipment you are responsible for installing against theft, fire, wind, vandalism, and accidental damage. Coverage applies while materials are in transit, stored at your warehouse, staged at the job site, and during the installation process itself. If a pallet of 60-mil TPO is stolen from the job site overnight or high winds destroy staged insulation boards before installation, the floater pays to replace them.
What It Does Not Cover
Installation floaters do not cover materials after installation is complete — at that point, they become part of the structure and are covered by the building owner's property policy or builders risk. They exclude damage from faulty installation, inherent defects in the material, and losses caused by your failure to properly secure or protect stored goods. Mechanical breakdown of equipment being installed is also excluded.
Real Claim Examples
Overnight rain floods an unsecured staging area and destroys $55,000 in polyiso insulation boards awaiting installation on a hospital project. A forklift operator drops a crate of custom-fabricated metal copings, bending them beyond usability and costing $28,000 to reorder and expedite. High winds blow 12 rolls of EPDM membrane off a staging platform on the third floor, causing $40,000 in material loss.
How Much It Costs
Installation floater premiums typically run 1% to 3% of the maximum value of materials at any one time. A commercial roofer with up to $500,000 in materials at risk might pay $5,000 to $15,000 annually. Project-specific floaters for large jobs can be more cost-effective than annual policies for contractors with irregular project flow.
Why Work With Us for This Coverage
We structure installation floaters specifically for roofing contractors, ensuring coverage limits align with your largest active project and that the policy doesn't lapse between the moment of delivery and the moment of attachment. Many generic forms leave gaps during the staging period that we eliminate.
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