TOOLS & EQUIPMENT INSURANCE

Tools and equipment insurance is designed to protect your high-value movable property. Tools and equipment coverage, also known as inland marine insurance, protects your hard-working assets from common risks like: theft and damage, as you transport them to and from your worksite

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. It can also cover tools that your construction or contracting crew takes with them when they perform a job.

What Does Tools & Equipment Insurance Cover?

Tools and equipment insurance commonly includes coverage for the following types of property:

• Property in transit, such as contractor’s tools and supplies
• Mobile equipment, such as forklifts, dozers, track hoes, maintainers, loaders
• Computer equipment and data, such as accounting software, lead-tracking data, policies, procedures, and other electronic assets

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.