What type of floater covers equipment in transit to a worksite?

The equipment floater is specifically designed to provide coverage for equipment as it is transported from one location to another, such as a worksite. This type of policy protects the equipment against potential risks during transit, including theft, damage, or loss, ensuring that businesses can safeguard their significant investments in tools and machinery regardless of their mobility.

In the context of property insurance, the other options present different forms of coverage that do not focus specifically on equipment while it is in transit. For instance, a business personal property floater generally covers items owned by a business but does not specifically address equipment as it is being transported. An installation floater is used to cover property that is not yet installed but would come into play only once the equipment reaches the worksite. Marine cargo floaters cover cargo shipped over water but are not applicable to transportation by land. Hence, the equipment floater is the most appropriate choice for insuring equipment in transit to a worksite.