Because it covers property that "floats" (moves from one place to another). Usually, a standard Property policy covers your physical space and the things in it.
- EXPERIENCE50 years
Does valuable property leave your workplace?
A Floater covers movable expensive items that your regular policy doesn't:
Property that leaves your workplace. Replaces the full value of a lost or stolen item, even if you don't know what happened.
Personal articles that belong to your employees and end up stolen.
Property you've sold to a buyer who's making monthly payments to you (but could stop if something goes wrong).
Installation of property in someone's home or business that may be damaged or stolen before your work is completed.
Mylo's licensed advisors help you compare a wide range of affordable policies from top providers – and make the best decision for your business.
Want to learn more about your industry first? We're on it.
Fast facts about Commercial Floaters
It's a good idea if you regularly take expensive equipment outside (like a photographer on a shoot) or perform installation work at someone else's location – where your equipment or the property you're installing could get damaged.
Let's say you sold your industrial laser to someone who's making monthly payments to you but then wrecks the property and says the deal's off. An Installment Sales Floater reimburses what you're still owed.
Mylo dejargonizes "Floaters"
A Floater isn't something to run from if you're talking about insurance!
It's a policy that provides additional coverage for items that are easily movable or recently sold. There are specific Floaters for individuals and businesses – and they're usually very affordable.Read more
Top 3 reasons to choose Mylo
We're part of Lockton, the world’s largest independent insurance broker, connecting people to top-rated plans for 50+ years. We're pros at knowing what your business needs.
Our friendly licensed agents screen top-rated plans from the most trusted providers around – and guide you to the best combo of comprehensive coverage and affordable price.
You save serious time and effort by comparing a wide range of plans tailored to you in one convenient place. Call us to see how surprisingly easy it can be!
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Get a custom consultation on affordable coverage tailored to you. Only pay for what you need (nothing more, nothing less).
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