Commercial Property Floater

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Wedding Presents Floater

    A type of insurance that can be added to a renter's or homeowner's ...
  2. Valuable Papers Insurance

    A special type of property-casualty insurance. Valuable papers ...
  3. Commercial Property Insurance

    Insurance that is used to cover any type of commercial property. ...
  4. Commercial Health Insurance

    A type of health insurance that covers medical expenses and disability ...
  5. Business Crime Insurance

    An insurance policy that companies purchase to ensure protection ...
  6. Premium

    1. The total cost of an option. 2. The difference between the ...
Related Articles
  1. 5 Services To Usher In New Clients
    Professionals

    5 Services To Usher In New Clients

  2. Deducting Disaster: Casualty And Theft ...
    Taxes

    Deducting Disaster: Casualty And Theft ...

  3. Insure Your Future With A Career As ...
    Home & Auto

    Insure Your Future With A Career As ...

  4. Is Insurance Underwriting Right For ...
    Insurance

    Is Insurance Underwriting Right For ...

comments powered by Disqus
Hot Definitions
  1. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  2. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  3. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  4. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  5. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
  6. Bear Flattener

    A yield-rate environment in which short-term interest rates are increasing at a faster rate than long-term interest rates. ...
Trading Center