Yes, if your basement floor is concrete then it is perfect for it. Hope this helps.

This paint is excellent for use in a cold basement, as it will keep the walls dry and waterproofed. It has a mildew resistant flat finish that is 100% Styrene Acrylic. It also has the Nanoguard Technology, which enhances the paints performance by filling in the voids created by the larger paint particles, and also relates to preventing water penetration.

Behr No. 87505 Basement & Masonry Waterproofing Paint is latex.

The preparation steps for Behr No. 87505 are as follows:
New concrete must cure for a minimum of 30 days. Test for loose, flaking concrete by pressing a piece of masking or cellophane tape at various places, then pull it off with an abrupt action. If the tape does not pull the concrete from the surface, it can be painted. If the existing concrete is removed, the loose concrete should be removed down to a sound substrate. All holes or cracks must be properly patched with a fast setting hydraulic cement. Remove mildew stains with Behr No. 62 Premium Mildew Stain Remover. Follow all label instructions. All surfaces must be clean and free of dirt, dust, efflorescence and oil. Clean surface with Behr No. 991 Concrete and Masonry Cleaner/Degreaser. Follow all label instructions Behr No. 87505 Basement & Masonry Waterproofing Paint provides best results when applied to bare or untreated surfaces. Previously painted surfaces in good, re-paintable condition may be painted with Behr No. 87505, however, Behr will not guarantee the results. Test for loose, flaking paint by pressing a piece of masking or cellophane tape at various places, then pull it off with an abrupt action. If the tape does not pull the paint from the surface, it can be painted. If the existing paint is removed, the loose paint should be removed down to a sound substrate by wire brushing or sanding. For Interior or Exterior application; remove deteriorated coating prior to application. Follow all label instructions. Follow all preparation instructions under “New or Unpainted Surfaces” above.

It is not recommended that Behr No. 87505 Basement and Masonry Waterproofing Paint be top coated with any paint once it has been applied.

Behr No. 87505 Basement and Masonry Waterproofing Paint will cover an area between 75-100 square feet per gallon. This paint must be applied according to label instructions for the full benefits of the waterproofing paint to be realized.

Behr No. 875 Basement & Masonry Waterproofing Paint is mold/mildew resistant, meaning that the paint will not allow mold/mildew to penetrate the paint film. Mold/mildew may still grow on the surface of the paint, in which case a water and bleach solution mixed at a 1:1 ratio will remove the mold/mildew.

The recommended application method, apply using a high quality 1/2"-3/4" nap roller, 4" nylon/polyester brush or an airless sprayer @ 2,200-3,200 PSI using a .023-.025 spray tip. Also apply at a spread rate of 75-100 sq. ft. (7-9 m2) per gallon on rough surfaces and 100-125 sq. ft. (9-12 m2) per gallon on smooth surfaces. Two coats minimum are required.

Behr's Basement & Masonry Waterproofing Paint withstands 10 PSI of water pressure.

We would recommend asking the manufacturer of the insulation if the insulation can be applied over a waterproofing paint designed to withstand 10 PSI of water pressure.

Behr's Basement & Masonry Waterproofing Paint is not suitable for floor applications. You would want to use a waterproofing paint with foot traffic resistance for best results.