Equipment floater

{
  "id": "MLC-T-INS-001338",
  "term": "Equipment floater",
  "field": "Insurance and risk management",
  "definition": "A form of inland marine insurance that provides coverage for equipment that is mobile or frequently moved to different locations. It protects against risks such as theft, fire, and damage during transit or while at a job site, covering items that a standard property policy would not. This policy is distinct from equipment breakdown insurance, which covers mechanical or electrical failure rather than external physical damage.",
  "url": "https://mlchart.com/terminology/insurance/equipment-floater/"
}