The practice of using trusts or limited liability corporations (LLCs) has become more common and they are often used for transferring legal ownership,set protection, estate planning, tax strategies, or for privacy reasons. As a business grows or
Installation floaters are builder's risk policies written to insure a specific type of property during its installation. Usually, they are purchased by subcontractors who are installing equipment or materials in existing buildings where a builders risk form is not appropriate (such as a remodeling job) or in new building construction where the primary builder's risk policy is not written to insure the materials of a subcontractor or supplier, such as in the case of high valued or specialized equipment or materials (i.e.: generators, boilers, computerized machinery, etc…).