Protect your business from the unexpected
Equipment insurance helps cover the cost of repairing or replacing a contractor’s portable tools and machinery if they are lost, stolen, or damaged. Also known as contractors equipment insurance, this coverage is ideal for tradespeople who frequently travel to job sites.
To ensure your tools and equipment are protected wherever your work takes you, consider adding inland marine insurance to a general liability policy or business owner’s policy (BOP). This provides additional coverage for assets in transit or stored off-site.
Tools and equipment insurance helps protect the essential gear contractors and tradespeople rely on for their work. It provides coverage for:
Covers the cost to repair or replace tools and equipment due to theft, vandalism, fire, or accidental damage.
Protects tools and machinery that move between job sites, such as saws, drills, compressors, and generators.
Covers larger equipment like bulldozers, forklifts, and backhoes, depending on the policy.
Some policies extend coverage to rented tools or machinery used temporarily on job sites.
Ensures tools and equipment are covered while being transported to and from work locations.
This type of insurance is essential for contractors, construction workers, and tradespeople who rely on their tools to keep their business running. Without it, replacing stolen or damaged equipment could result in costly out-of-pocket expenses.
Tools and equipment insurance is essential for professionals who rely on specialized tools and machinery for their work. It’s particularly valuable for:
Protects tools and portable equipment used across multiple job sites.
Covers saws, drills, and other woodworking tools.
Safeguards expensive testing equipment, wiring tools, and other electrical gear.
Ensures coverage for wrenches, pipe cutters, and leak detection equipment.
Protects gauges, vacuums, and HVAC system repair tools.
Covers ladders, nail guns, and roofing materials.
Helps replace sprayers, brushes, and scaffolding if lost or stolen.
Provides coverage for lawnmowers, chainsaws, and other outdoor equipment.
Protects mixers, trowels, and masonry tools.
Anyone who regularly transports tools between job sites or works in industries where equipment is frequently at risk of theft, loss, or damage should strongly consider tools and equipment insurance. It ensures business continuity by covering the cost of repair or replacement when unexpected incidents occur.
As an independent insurance agency, we have access to multiple top-rated insurance companies. Our team will take the time to compare rates and find you the best deal!