Commercial Property Floater

DEFINITION of 'Commercial Property Floater'

A specific type of floater that is attached to an insurance policy. Commercial property floaters offer protection for business property that is not contained at a fixed location. These floaters are attached to base property insurance policies.

BREAKING DOWN 'Commercial Property Floater'

Commercial property floaters are used by many types of businesses that must use their property at various locations. Construction companies are an example of a business that needs this type of coverage. Any firm that must use equipment on-site would be a candidate for a property floater.