Protect Your Business with Contractors Insurance and Bonds

Tools and Equipment Insurance is a type of coverage that protects a contractor’s tools, machinery, and equipment from theft, damage, or loss. Since contractors rely heavily on their gear for daily work, this insurance helps prevent financial setbacks if essential items are stolen or damaged.

1. Theft
   
   • Covers stolen tools or equipment, whether from a job site, vehicle, or storage.
   • Example: Your power drills and saws are stolen from your truck overnight.

1. Damage from Fire, Vandalism, or Weather
   
   • Protects against losses from fire, vandalism, floods, or extreme weather.
   • Example: A storm floods your storage unit, damaging expensive painting sprayers.

1. Equipment in Transit
   
   • Covers tools while being transported between job sites.
   • Example: Your air compressor is damaged in an accident while hauling it to a project.

1. Rented or Leased Equipment
   
   • Many policies can be extended to cover rented equipment.
   • Example: You rent a tile saw for a project, and it gets damaged while in your care.

• Normal wear and tear
• Damage from improper use or maintenance
• Large stationary equipment (covered under Commercial Property Insurance)
• Vehicles (covered under Commercial Auto Insurance)

✔ General contractors
✔ Painters, electricians, plumbers, and HVAC professionals
✔ Carpenters, landscapers, and roofers
✔ Any contractor who owns portable tools or equipment

• Protects Against Costly Losses: Replacing expensive tools out of pocket can be a financial burden.
• Covers Equipment on the Move: Since contractors frequently transport tools, this coverage provides protection beyond a fixed business location.
• Job Contracts May Require It: Some clients require proof of tool coverage before hiring.

Would you like recommendations for affordable policies tailored to your business?