Tools and equipment insurance provides coverage for tools, machinery, and other specialised equipment used in your business operations. It protects against theft, damage, and breakdowns that could disrupt your business.
Cover Details
Accidental Damage or Loss: Covers repair or replacement costs for tools and equipment damaged or lost due to covered perils.
Breakdown Coverage: Includes protection for mechanical breakdowns that impact the functionality of your equipment.
Theft Protection: Covers theft of tools and equipment, both on-site and during transit.
Cover Options
Accidental Damage or Loss: Covers repair or replacement costs for tools and equipment damaged or lost due to covered perils.
Breakdown Coverage: Includes protection for mechanical breakdowns that impact the functionality of your equipment.
Theft Protection: Covers theft of tools and equipment, both on-site and during transit.
Frequently Asked
Coverage can include hand tools, power tools, machinery, computers, and specialized equipment essential for your business operations.
Notify your insurer and document the incident and damage. Your policy may cover repair costs or provide reimbursement for lost income due to equipment downtime.
Yes, hire and reward insurance options can provide coverage for tools and equipment rented out to third parties for a fee.
