Which type of equipment is excluded from coverage under the contractors equipment floater?

The reason that aircraft are excluded from coverage under a contractor's equipment floater is due to the specific nature of this type of insurance. Contractor's equipment floaters are designed to cover movable equipment and machinery used in construction, such as tools, machinery, and various construction-related items. However, aircraft are treated differently due to the unique risks associated with aviation and the specialized insurance products that cover such risks, like aviation insurance.

A contractor's equipment floater typically encompasses equipment that is not permanently affixed to one location, and airplanes would fall outside the usual scope of these policies. The insurance industry has specific policies aimed at addressing the risks associated with the operation and ownership of aircraft, which is why they are not included in the contractors equipment floater.

In contrast, contractor-owned equipment, equipment listed in the equipment schedule, and heavy machinery used on construction sites are all integral parts of a contractor's operations and are intended to be covered under this type of coverage.