Shoemaker working with specialist tools

Tool Cover & Insurance

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Tools are some of a contractors most valuable assets – therefore ensuring that they are protected with appropriate equipment insurance cover should be a top priority.

As a tradesman, you belong to a group of workers skilled in a variety of highly specialised trades and crafts from groundworkers to electricians, roofers to carpenters and joiners. As such, the tools you use serve as an extension of yourself – without them your job becomes difficult or projects may even grind to a halt, having a detrimental impact on the smooth running of your business.  That’s why it’s important to consider business tool insurance when you next purchase your business insurance policy.  Tools and equipment cover can typically be included within your tradesman insurance or contractor insurance policy.

Buy tool insurance online with public liability insurance or call us today and speak to one of our insurance advisors. We’ll provide advice and professional recommendations to make arranging your tool insurance simple and hassle-free.

Complete our short form to start your business insurance quote. We'll then call you at a time that's convenient for you to discuss your requirements and provide an insurance quote
Our advisors are just a phone call away. On average, we answer calls within 90 seconds.  Lines open Monday to Friday 9:00am–5:00pm

Opting to purchase tool cover as part of your insurance policy will offer protection for you and your employees' tool box, handheld tools and power tools if they are lost, stolen or accidentally damaged.  Your tools are often expensive pieces of equipment that you use on a daily basis and if you found yourself without them, for instance if they were stolen, you may not have the budget set aside to replace them and risk disrupting your daily work.

Tool insurance typically insures hand held power tools such as drills, impact drivers, grinders, hammers, screwdrivers, chisels, spanners, saws, sanders and more.  You could also request equipment insurance for other business equipment you use such as ladders, portable office equipment like laptops or other hand held devices you may use in the day to day running of your business. Policy terms will differ, so it’s important to read the details carefully before you buy.

Using your tools everyday subjects them to general wear and tear and potentially a loss in performance, however this would not be covered by your insurance.  Tools insurance is designed specifically to cover the event of loss, theft or accidental damage.

It’s also important to ensure that your tools are kept securely and locked away when not in use.  For instance, theft from unattended vehicles may be excluded, but you can purchase an extension to account for this gap. Because motor insurance does not cover the tools and equipment inside your vehicles, tradesmen usually purchase commercial vehicle insurance and a business insurance policy which includes van tool insurance and van contents insurance. It’s advisable to check when you purchase your cover if there are any restrictions.

Tool cover isn’t the only recommended cover for businesses: there are a number of other covers which can help to protect your assets and liability towards others. Taking out the right insurance for your business can give you peace of mind to focus on what really matters – your business.

As a business owner, it’s important to evaluate all the risks to your business. By considering what could potentially go wrong will help you establish the covers you need most.

Protecting those around you is also essential. Public liability insurance protects your business financially if someone has a slip, trip or fall or sustains an injury as a result of your business activities. It also covers accidental damage to their property if something goes wrong while you work.

Similarly, if you’re an employer then you’re required to take out employers’ liability insurance by law. You have a duty to protect your staff while they work and they could pursue you for compensation if they had an accident and sustained an injury. Employers’ liability insurance protects your legal liabilities and your business financially in these circumstances.

There are a number of other insurances available including legal protection, business interruption, professional indemnity and many more. Having a bespoke insurance solution that’s tailored to your individual needs is essential for any business owner.

“I’ve used Premierline for my work insurance for a few years now. They always find me such competitive prices. As a small business owner I really couldn’t afford the prices when I looked online myself especially after having had no work for 7 weeks when Covid-19 first hit. So it was a huge relief to find a policy I could afford and be ready for when work started to pour in. Thank you Premierline.”
Contractor Business owner
Customer since April 2017
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We arrange insurance for many types of contractors and tradesmen and can include tools cover within a tradesman and self-employed insurance policy which typically includes public liability insurance and optional extra insurance covers such as tool insurance, employers liability and business interruption.

So whether you store your tools in a workshop or at home, it's important to make sure you have the right cover for them. If you know what you need you can get multiple quotes in just a few minutes online today or if you need advice, call to speak to our advisors. They’re on hand to talk you through your tool cover options and find the right insurance for you.

Complete our short form to start your business insurance quote. We'll then call you at a time that's convenient for you to discuss your requirements and provide an insurance quote
Our advisors are just a phone call away. On average, we answer calls within 90 seconds.  Lines open Monday to Friday 9:00am–5:00pm