Tools and equipment insurance is designed to protect your high-value movable property. This is also known as inland marine insurance, protects your hard-working assets from common risks like: theft and damage, whether in a storage, on the jobsite or while transporting tools in your vehicle.
As a contractor or construction professional, you regularly transport the tools, equipment, and supplies you need to get the job done. Tools and equipment insurance ensures your items’ replacement should an accident, theft, or loss happen.
Tools and equipment insurance commonly includes coverage for the following types of property:
From the smallest hand tools to larger equipment such as welders, nail guns, generators and other high-value items, replacement costs can add up fast if your tools are stolen or damaged. With tools and equipment coverage, your investment in these assets is protected.
The following optional coverage can be added to most policies to meet the needs of the contractor.