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ProRisk Insurance

Tools & Equipment Insurance

Protect your business from the unexpected

Tools & Equipment Insurance Quotes

What is tools and equipment insurance?

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.

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What does tools and equipment insurance cover?

Tools and equipment insurance helps protect the essential gear contractors and tradespeople rely on for their work. It provides coverage for:

Lost, stolen, or damaged tools

Covers the cost to repair or replace tools and equipment due to theft, vandalism, fire, or accidental damage.

Portable equipment

Protects tools and machinery that move between job sites, such as saws, drills, compressors, and generators.

Heavy machinery

Covers larger equipment like bulldozers, forklifts, and backhoes, depending on the policy.

Rental equipment

Some policies extend coverage to rented tools or machinery used temporarily on job sites.

Transit protection

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.

Who needs tools and equipment insurance?

Tools and equipment insurance is essential for professionals who rely on specialized tools and machinery for their work. It’s particularly valuable for:

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General Contractors

Protects tools and portable equipment used across multiple job sites.
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Carpenters & Woodworkers

Covers saws, drills, and other woodworking tools.
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Electricians

Safeguards expensive testing equipment, wiring tools, and other electrical gear.
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Plumbers

Ensures coverage for wrenches, pipe cutters, and leak detection equipment.
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HVAC Technicians

Protects gauges, vacuums, and HVAC system repair tools.
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Roofers

Covers ladders, nail guns, and roofing materials.
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Painters

Helps replace sprayers, brushes, and scaffolding if lost or stolen.
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Landscapers & Tree Trimmers

Provides coverage for lawnmowers, chainsaws, and other outdoor equipment.
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Masons & Concrete Contractors

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.
ProRisk Insurance

Inland Marine Insurance

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!

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