What is not covered by tools insurance

• Wear and tear – breakdown of your tools over time caused by wear and tear is not covered by tools insurance

• Deliberate damage – if you or an employee deliberately damages tools or equipment this would not be covered

• Equipment faults – if one of your tools breaks or stops working, you should refer back to the warranty that came with the tool instead

• Theft of tools left unsecured – tools that are left unattended in an unlocked space won’t be covered. It’s always worth referring to your policy wording to be aware of any specific exclusions.

Do I need tools insurance?

Should you find yourself in the unfortunate situation of your tools being stolen, would you be able to replace these before your next job? If you wouldn’t, tools insurance can help you by covering the cost of replacing your kit. This safety net ensures that you can continue working without disruption. It’s about having that extra layer of security so you can focus on what you do best.

Without tools insurance, you could end up spending a lot of money to replace or repair stolen, lost, or damaged tools, which could really damage your business. This insurance gives you peace of mind, knowing you’re covered against unexpected issues that could stop you from doing your job.

How much does tools insurance cost?

The cost of covering your tools depends on a variety of factors such as how many tools you need to insure, what type of trade you are in, where your tools are stored, and the specific type of tools you have. It also varies based on whether you would prefer your kit to be protected only during working hours (from 8am to 6pm) or 24 hours a day, seven days a week. If you want your tools to be covered overnight, make sure to select the 24 hour cover.

TradesmanInsure offers tools insurance starting from just £8 a month*. The exact price will depend on your unique circumstances, but you can easily get a tailored quote by filling out the online form.

So, whether you’re a plumber, an electrician, or a painter, we can help you find comprehensive insurance to suit your needs.

*Price based on £1,000 of tools and trade materials insurance cover. Tools insurance can only be purchased with public liability insurance.

What level of cover do I need?

When thinking about the level of cover you need, it’s important to factor in the full value of your tools. It’s essential to consider not only how much the tools are worth, but also how much it would cost to replace them if they were lost or damaged. Your policy should cover this amount so you know you’re fully protected against unexpected losses or damages. With a Tradesman Insure policy you can choose cover from £1,000 all the way up to £10,000.

What is the excess?

The policy excess of £250 applies to each claim. An excess is the amount you have to chip in for a claim, so if a claim comes to £1,000, you’d pay £250 out of your own pocket.