What type of coverage does a business floater typically provide?

A business floater provides protection against loss to business property by covering items that are often transported or are located at different locations. This type of coverage is essential for businesses that may have valuable assets like equipment, inventory, or materials that are not permanently fixed at one location. The business floater specifically addresses the risks of loss or damage to these movable or off-premises business assets, ensuring that a business can recover from unexpected events such as theft, fire, or other losses that can occur outside the primary business premises.

Other types of coverage listed do not pertain to the specific function of a business floater. Homeowners insurance typically protects against losses in residential properties, while general liability coverage focuses on protecting businesses from legal claims due to injuries or damages caused to third parties. Coverage for commercial motor vehicles is aimed at protecting vehicles used for business purposes and does not address the coverage needs of movable business property. By focusing on the nature of a business floater, it's clear why it is geared specifically towards safeguarding business property from various risks.