Tools and equipment can be an absolute necessity for your business. If these become lost, damaged or stolen – it could seriously disrupt your ability to carry out work. This in turn could result in lost earnings, or the financial strain of replacing or repairing these crucial items.
Tools cover is normally offered as an optional extra with tradesman insurance. It could help cover the cost of your equipment should it be lost, stolen or damaged. You can normally insure a whole range of tools under this type of cover, from portable handheld tools to costly power tools. You should also be able to tailor your tools cover to meet your specific circumstances.
For example, if you leave your tools unattended over night or in a vehicle, make sure your chosen policy can stretch to cover any damage to them during this time. You will usually be able to cover your tools in transit, which means if they’re damaged while you’re on the move – you’ll also be financially covered.