Painting someone’s home and your paint sprayer stops working, but your warranty won’t cover it.
You take a quick lunch break off the work-site and come back to missing tools.
Your team needs to borrow tools to complete a job, but one of the tools breaks while in your possession.
Here are some of the most common questions we get about Tools & Equipment insurance. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.
Tools and equipment insurance ensures the protection of your most valuable gear that helps you in running your business. This type of insurance is vital for a business to experience zero down time if tools or equipment are damaged or stolen as it will help replace or repair. Most clients find this type of insurance helpful if tools and equipment are not covered by a manufacturer’s warranty.
If you haul your business-owned equipment to worksites to complete a job, then tools and equipment insurance is for your business. The industries that make tools and equipment insurance a high priority are commonly:
– Construction
– Contractors
– Plumbers
– Electricians
– Landscapers
– Carpenters and more trades.
Tools and equipment insurance gives financial aid to tools, equipment, and gear that is owned by the business-owner or you, employee business uniforms or required clothing, or any tools borrowed to complete a job.
Examples of tools and equipment that can be covered through this tools and equipment insurance include, but are not limited to:
– Power tools
– Levels
– Power drills
– Blowtorches
– Standing lights
– Hard hats/helmets
– Eye/ear protection
– Ladders
– Work benches
Accidentally damaged customer property? General liability insurance makes those uh-oh moments okay by covering a wide range of incidents and basic risks. Contractors and cleaners can add tools and equipment coverage to protect their gear, as well.
If you have employees, it’s mandated by law to carry workers’ compensation insurance to help cover medical bills and lost wages due to workplace accidents. And don’t forget about yourself — get business owner’s coverage to protect your assets.
Professional Liability insurance protects you from the costs of lawsuits where you’re accused of negligence, error, or malpractice. It’s an essential for anyone who provides professional services to clients, including doctors, lawyers, accountants, and other professionals.
Our live and friendly U.S.-based insurance experts are standing by to help you with all your insurance needs.
Our live and friendly U.S.-based insurance experts are standing by to help you with all your insurance needs.
Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage is dependent on actual facts and circumstances giving rise to a claim. Coverage Cowboy, LLC and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company.
