Tool Insurance

Most insurers are unable to offer tool insurance on its own due to the high level of claims that arise from this type of cover. It is usually offered as an add-on to a comprehensive public liability insurance package such as the one offered by Tradesman Saver. If you’re looking to add tool insurance to your insurance policy documents, don’t hesitate to get in touch today.

Yes, theft cover is provided anywhere in the UK but please note, there is often an increased excess if tools are stolen from a locked, unattended vehicle. Even if you have tool insurance cover, it’s extremely important that you remain vigilant, careful and protective of your tools.

At Tradesman, we’re dedicated to protecting our customers and clients with the right insurance policies for them. As such, most of our tool cover policies include both overnight cover and transit cover, so if you do leave your tools in your van overnight, they’ll still be protected. However, it’s worth remembering that choosing to leave tools in an unlocked vehicle overnight, or without adequate protection, could sometimes be considered negligence and invalidate your policy.

If you’re not certain whether you’re taking enough steps to keep your tools safe, or you’re worried that your business premises don’t have the security it needs to protect your tools or equipment, get in touch today.

No, tool insurance is an add-on to most business insurance, home insurance and public liability insurance policies. It is important to ensure that you have the right level of cover for your tools and equipment. It’s extremely important that you read through your insurance policy documents carefully and ensure that you do have a tool insurance policy in-place if you require one.

No, you don’t. As an all-risks insurance policy, your tools in transit insurance covers the risks of theft, fire and accidental damage when your tools are in transit. It is important to note that if you store your tools or equipment in a van overnight, you’ll need to check with your insurer as there may be an additional charge for this type of cover.

If your tools are stolen, the first thing you should do is contact the police and report the theft. Once this is done, contact your insurer as soon as possible to inform them of the incident. Your insurer will then be able to assess the situation and provide guidance on how best to proceed with making a claim for your stolen tools.

Simply put, tool insurance, or business equipment insurance, protects your tools in the event that they are damaged, lost or stolen. This policy can cover a wide range of tools and equipment, including handheld tools, equipment in-situ or even tools in transit.

Tool insurance covers a wide range of items, including hand tools, power tools, trade specific equipment, as well as portable computers and cell phones. Exact coverage varies between policies, but typically covers accidental damage or theft. Some policies may also provide coverage for losses due to natural disasters such as floods and fires.

Yes. Your tradesman tool insurance is an “all risks” policy, which means that your tools will be covered anywhere in the United Kingdom, no matter where they are located. This includes public and private sites, as well as transit between them.

Typically, tool insurance doesn’t protect against ordinary wear – these insurance policies are designed to protect the tools of your trade from being lost, stolen or damaged. However, make sure to check your policy wording carefully.

Before making a payment as a result of your claim, insurance companies will want to ask you some questions about the safety of your tools.

Some of these may include details such as vehicle alarm specifications if you leave your tools overnight in a van, or details about the construction of the building you were keeping your tools in. Keep in mind that, in some cases, insurance companies require you to keep your vehicle in a locked compound overnight if you intend to store your tools in it.

Our Tradesman Saver tools insurance provides cover for tools left in a locked, unattended vehicle but you will pay a slightly higher excess if they are stolen.

In most cases, business premises insurance can cover a percentage of the value of any tools which are stolen or damaged as a result of a break-in to your business premises. If you’re a self-employed tradesperson without business premises, it’s possible that your home insurance may also cover some of the cost.

However, if you want to completely cover the value of all the tools owned by yourself or your business, then a specific tools insurance policy is essential.

Typically, to protect plant equipment, it is essential to purchase a separate plant insurance policy. Plant equipment can be expensive and complex to repair, meaning that an individual tools insurance policy may not provide adequate protection.

It’s important to bear in mind the level of cover you need for your business when taking out a plant and machinery insurance policy as some policies may only cover a percentage of the value of your equipment, leaving you out of pocket in the event that your equipment is damaged or stolen.

Insurance does not cover some events no matter how basic or comprehensive the policy you choose is. Some of these include any form of intentional damage or any damage that was caused by you or someone who works for you misusing the tool or equipment. You will also not get cover for any unlawful use of tools.

When it comes to your tool’s insurance cover, negligence counts as any tools which aren’t being used correctly.

For example, any deliberate damage of a tool or equipment, not using safety precautions, leaving the tools in an unlocked vehicle or in an unsafe environment will all be considered negligence and will therefore invalidate your insurance cover. It is important to always take appropriate care when using any type of tools or machinery.