Commercial property policies provide coverage for buildings and personal property that are used in a business. Protecting this property must be a primary goal of any commercial insurance program. Regardless of the size of the business, tangible property usually represents a large portion of its total assets. As a result, it should always be reviewed and used for comparison when evaluating any commercial property coverage.
An Equipment Floater, as an addition to your Business Property Insurance, ensures your ability to continue to do your job efficiently and effectively in the event of a loss. The equipment required to do your job whether it is hand tools, bulldozers or scaffolding is a major investment that has built up over time. If a piece of your equipment was stolen or damaged, would you be able to complete the job? Where would the funds come from to replace it? It is important to consider a Floater when placing your Business Property Insurance.