Commercial Property Floater
What Does Commercial Property Floater Mean?
A commercial property floater is an insurance add-on that offers coverage for various types of commercial property that is not confined to a single location. It is particularly beneficial for businesses with movable property, such as a traveling circus. Typically, commercial property floaters serve as a supplement to standard commercial property insurance policies.
Insuranceopedia Explains Commercial Property Floater
Not all businesses operate from a fixed location, but many standard commercial property policies only cover a fixed structure and its contents. This limitation makes commercial property floaters essential for companies with movable property. Without this type of insurance, businesses like circuses and others that frequently transport property would face significant risks during their travels. Therefore, companies with multiple locations and movable assets can benefit from combining a standard commercial property insurance policy with a commercial property floater.
