Designed to help you protect your livelihood, tool insurance is a must for tradespeople looking for the comfort that a good policy can bring. We know tools are expensive with many tasks needing a specific tool for the job, that can drive your outgoings up.
As a tradesperson your tool kit can end up being worth a hefty sum. Imagine the cost of buying your tools from scratch should you be the victim of theft, or how long it would take to replace your tools in the event of an accident?
Do I get tool insurance on its own, or with other insurance policies?
It’s always worth reviewing the various insurance policies you may need as a business or look at what you already have in place. We’ve compiled a guide to Tradesman & Contractor Insurance here covering all types of insurance you should consider having in place.
A full business policy might be the best option to ensure you’re covered from all angles, with every aspect of your business under the appropriate level of protection.
What isn’t covered in the tool insurance?
There are various levels of cover to choose from, and understanding what is and isn’t covered is vital before taking out a policy. It’s essential you read the terms of your policy in detail to make sure you understand what protection you’ll be getting. Our knowledgeable team of advisors can help you to establish what level of cover you need.
How much is tool insurance?
The price of a policy can vary greatly based on a number of factors, including level of excess and the value of tools to be insured. Based on your individual requirements and if you need other policies in addition to tool insurance, your premium will reflect the inclusion of extra cover.
What is Tool Insurance?
Tool insurance can help you to safeguard your business from loss, theft, and damage, minimising disruption and getting you back to work as soon as possible. At Stanmore, we know that as a tradesperson your tools are essential to the running of your business, and as one of your biggest expenses it’s vital that you protect your tools properly.
Without the tools of your trade, your work grinds to a halt sending your project schedules out of the window. Tool insurance is essential for trade professionals to protect, not only any tools and equipment, but also your time – we know how valuable it is. We can help to get you back up and running should the worst happen, with our dedicated claims service supporting you with the process of providing the information required by the insurers.
What will it cover?
Tool insurance from Stanmore covers you against the cost of replacing your tools if you lose them through theft, loss or damage. Our policies cover you for the cost of replacing your tools.
Our claims team will swiftly get you back up and running with minimal disruption to your business.
Specialist tool insurance
As a specialist tradesperson, you’re likely to have costly specialist equipment to match. We can tailor your protection to ensure you’re covered for the crucial equipment in your toolkit that, as an expert in your field, is needed day to day.
Why Do I Need Tool Insurance?
Tools are stolen from a tradesperson’s vehicle every 20 minutes across the UK, according to the latest research from Direct Line. So, it has never been a more important time to ensure you seek the right level of cover for your tools.
Our tool insurance is there to protect your tools against theft, loss or damage. As a tradesperson your tools are your livelihood, and sudden loss could cripple your business, so we’ve made it easy to get the cover you need.
Contact us for a free quote
For a free quote get in touch with one of our experts today! Fill in your details on the right and we will give you a call back.
Alternatively you can call us on 01204 570370