A floating roof leveling and protection apparatus comprising a plurality of isolators having bases being formed of a protective material to prevent an internal metallic internal roof support leg from directly contacting a tank bottom, a body extending axially and centered therefrom, a tapered end for insertion into the roof support leg, a fluid passage, an engagement means engaging the inner perimeter of the roof support leg, and a drain and isolator spacers, whereby a user may place an isolator spacer on the isolator and insert isolators into the roof support legs of a floating roof system to adjust the height of the roof support legs to level the floating roof thereby reducing the stress placed on the floating roof as the fluid level lowers, thus preventing damage to the bottom of a tank when the fluid level is decreased and the roof support legs contact the tank's bottom.