Business Insurance
Tools & Equipment Insurance, explained.
Inland marine coverage for tools on site, in transit and in storage.
Tools & Equipment Insurance
Tools & Equipment (a form of inland marine insurance) covers the mobile tools and gear your crews use every day, on the job site, in the truck and in storage. It fills the gap most contractors discover only after a theft.
Inside a Tools & Equipment policy.
Scheduled or blanket tool coverage
On site, in transit, in storage
Leased and rented equipment
Owned tools and small equipment
Theft, fire, accidental damage
Is this for you?
Contractors with significant tool inventory
Trades that move equipment site to site
Companies with rented or leased equipment
Mobile service businesses
Anyone with high value gear that moves
Plain language answers.
Replacement cost or actual cash value?
We typically write replacement cost where available, it pays to buy new without depreciation.
Do I need to schedule each item?
Items above a threshold (often $1,000 to $2,500) are typically scheduled; the rest are blanketed.
Are leased and rented tools covered?
Yes, with the right endorsement, your liability under rental agreements is covered.
Coverages that pair well with this one.
Ready for a Tools & Equipment quote?
A short form or a quick call. We’ll shop it across 50+ carriers and come back with options.