Tool Insurance

If you rely on your tools to make a living, it makes good sense to protect them with a comprehensive insurance policy. For tradesmen and women who could not carry on their business if their tools were lost or stolen, tool insurance is a no brainer.

Whether you mainly work as a subcontractor for other firms or you are strictly independent, losing your tools could result in a total loss of income, along with the ability to provide for yourself and your family. With this in mind, we strongly recommend considering a tools insurance policy from one of the leading insurers we work with, to make sure you are able to get back to work in the shortest time possible, in the event of the theft or loss of the tools of the trade you use every day.

How Tool Insurance Can Help You

Without insurance, a tradie without tools would be faced with the prospect of using their precious savings to replace what had been lost or stolen, or having to take out a costly loan. Neither of these options are very appealing when your living is already in jeopardy but with adequate tool insurance, you wouldn’t have to worry about finding the money to replace your tools: every item would be covered by your insurer.

A generous policy with cover for theft, loss and accidental damage would provide you with peace of mind and enable you to ply your trade without having to worry about how you would cope if you were faced with a disaster such as the loss of all your tools. Claims for damaged, lost or stolen tools are very common among tradies in all disciplines and thanks to the economical cover options available, comprehensive tools insurance is more affordable than you might imagine. If you don’t currently have insurance for your tools, please feel free to get in touch with us right now to request a competitive quotation for a policy that meets all of your needs.

Choosing the Right Tool Insurance

If you call or message us, we will be more than happy to talk you through all the different types of tool insurance policies in Australia that we can hook you up with but in the meantime, the information below should help you to decide what sort of policy would be best suited to your needs.

Tools insurance may cover some or all of the possibilities below and the amount of cover for each one will vary from one policy to the next. It’s worth spending a few minutes considering which are most important to you and whether the nature of your work or the way you store your tools will affect your choice of policy.

  • Theft Cover – If you always store your tools in a securely locked facility, most policies will cover you for theft. However, if you sometimes leave your tools onsite, in an unlocked storage facility, you will need to make sure the tool insurance you buy will cover you for theft from such locations.
  • Damage Cover – Different policies cover different types of accidental damage. You need to consider in what ways you might damage your tools so you can be sure to buy a policy that provides you with the right type of cover.
  • Loss Cover – Accidental loss is not covered by every type of tools insurance in Australia so if this an area of concern for you, make sure that the policies you consider provide cover for it.

Once you’ve decided what cover is most important to you, you need to think about how much cover you need for each possibility. Armed with this information, you’ll find it much easier to evaluate the tool insurance quotes we can provide you with. However, as we mentioned above, we will be more than happy to help you figure it all out so if you’re still not sure exactly what type of tools insurance you are looking for, just call or message us at any time.

Going without any type of insurance for your tools is, of course, another option but it’s not one we can recommend. If you want to protect your livelihood, protect your tools with comprehensive tool insurance: call now to request a quotation.

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