Theatrical Floater

What Does Theatrical Floater Mean?

A theatrical floater is a type of insurance coverage designed for props, equipment, costumes, and other materials used in plays or theatrical productions. It covers risks such as fire, windstorms, lightning, explosions, theft, and smoke. Additionally, it protects against risks like flooding, bridge collapse, vehicle derailment or damage, vessel stranding or sinking, and aircraft crashes.

Production companies that need broader protection for cameras, lighting rigs, and other gear often pair this with video and film production insurance, which extends to the kinds of losses that happen during shoots and location work.

A theatrical floater is also known as a theatrical property floater.

Insuranceopedia Explains Theatrical Floater

A theatrical floater does not cover buildings, furniture, or other items not directly used in a theatrical production. However, the insured does not need to own the items for coverage to apply. They may be borrowed, held in trust, on consignment, or still in transit for delivery to the owners.

Coverage for borrowed or consigned items overlaps with what a tools and equipment policy does for tradespeople, since both protect gear you use but don’t always own outright.