Your tools are your livelihood. A contractor without tools can't work — and replacing stolen or damaged equipment can cost thousands. Tools and equipment insurance (a type of inland marine coverage) protects your hand tools, power tools, and portable equipment against theft, damage, and loss — whether they're in your truck, at a job site, or in storage. Standard commercial auto and property policies don't cover your tools. This policy fills that gap.
Electricians, plumbers, HVAC technicians, carpenters, painters, roofers, landscapers, concrete contractors, drywall installers, flooring contractors, and any trade professional who owns or uses portable tools and equipment for their work.
Tools insurance typically costs $300–$1,500/year depending on total value. A $25,000 tool inventory might cost $375–$750/year — far less than replacing even a few major tools after a theft.
No. Commercial auto covers the vehicle, not its contents. If someone breaks into your work truck and steals $10,000 in tools, your commercial auto policy won't pay. You need a tools and equipment floater.
Homeowners policies may cover a small amount of business property at your home, but they exclude tools at job sites, in vehicles, and limit business property severely. A dedicated tools policy is the only reliable coverage.
Get a free quote or call (321) 206-8035.