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Tools

Insurance for your tools of trade

If one or more of your most important tools were lost or stolen, could you turn up to work the next day and keep working?

Most tradies can’t work without their tools, and if you’re a subbie or self-employed tradesman that means that you can’t earn any money for yourself or your family.

Without tool insurance you would have to dig into your own savings to replace your tools, or worse still you may have to borrow the money from somewhere.

Protect your tools with insurance

The best option for protecting your tools is to have an appropriate tool insurance policy in place.

Tool insurance can be included in your public liability policy, and will cover the replacement costs of your tools if they are stolen or damaged.

In our experience tool cover is one of the most commonly claimed on forms of trade insurance, so it certainly pays to have some cover in place, especially considering how inexpensive the cover can be.

Not all policies are the same

When comparing tool insurance quotes it is very important to remember that not all tool insurance policies cover the same events.

Theft

When it comes to theft, which is the major concern for most tradesmen, many policies are quite different in terms of the cover they offer.

Some policies cover your tools regardless of how they are stored, some cover your tools only if they are stolen from a secure location, and some policies don’t even cover theft at all.

Accidental Damage

There are also differences when it comes to accidental damage. Many policies only cover accidental damage when it is caused by a vehicle collision or rollover, however there are some policies which will cover a broader range of accidental damage causes.

When taking out like insurance it is absolutely vital to read the PDS (product disclosure statement) to ensure that the cover you are getting is what you expected.

Going without tool insurance

There are still plenty of tradies out there who think they can do without tool insurance in order to save a few dollars each week.

Of course we think that all tradesmen should insure your tools, but if not then we at least recommend you read this article that we’ve put together on ways that you can protect your tools.

Quotes and more information

If you would like to obtain a quote on your tool insurance or would just like some extra information, please complete our online quote request or simply get in contact with us.

Tradies Love Trade Risk

In 2017 Trade Risk was awarded a Gold Trusted Service Award for the amazing service we offer to thousands of tradies from around Australia.

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    "Great online help available through trade risks website"
    | Tradesman Insurance |
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    "Good product knowledge, quick service"
    Michael English | Tradesman Insurance |
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    "Very helpful"
    Rodney Bruce Russell | Trade Insurance - Renewal | Belmont4153
    star fullstar fullstar fullstar fullstar full
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    "I have been with Trade Risk for three years now, I have always found them to be nothing but professional. Running a business is hard enough so when it comes time to look at insurance renewal you can trust the team at Trade Risk to look after you. Cheers Joe Khoury J.C.K Construction Group Pty Ltd"
    J.C.K Construction Group Pty Ltd | Trade Insurance - Renewal |
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    "Seamless transaction.. Yes would highly recomend"
    Brian Arthur Chedgey | Trade Insurance - Renewal |
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    "Fantastic customer service and great price."
    | Trade Insurance - Renewal |
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    "GOOD TO DEAL WITH ON THE PHONE , GOT THINGS MOVING QUICKLY.."
    GA & YB Pawson | Trade Insurance - Renewal | EMERALD 3782
    star fullstar fullstar fullstar fullstar full
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    "Always great to deal with no delays they are communicative and easy to follow I definitely recommend them."
    John Patrick Gilbert | Trade Insurance - Renewal |
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    "Insurance renewed quickly very easily"
    M.C Dandridge And L.M Hamilton | Trade Insurance - Renewal |
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    "Got back to me straight away, Great communication, Treated me like i was their only client."
    | Tradesman Insurance |
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    "Really great, fast and responsive in all aspects of business"
    | Trade Insurance - Renewal |
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    "really good fast and got what we wanted in the policy happy with the service hopefullywe never have to use it thanks for everything"
    Ian And Finn Murphy | Tradesman Insurance | mt cotton
    star fullstar fullstar fullstar fullstar full
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    "Easy straight forward and great communication"
    Pod Productions Pty Ltd | Tradesman Insurance |
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    "Prompt response and fair price for my needs Would certainly recommend"
    | Tradesman Insurance |
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    "Doubled my insurance premium for no reason, now I can't get insurance certificate. ***!"
    | Trade Insurance - Renewal |
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    "Great Sevice!"
    | Tradesman Insurance |
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    "Jeremy is going the extra mile to make sure you are happy answering very quickly nice to talk to him on the phone"
    | Trade Insurance - Renewal |
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    "Fair priced insurance, sign up process was easy & understandable, had good reviews from other customers and so far my experience from dealing with their customer service they are very friendly which is a breath of fresh air and understandable."
    Frank Youhan | Tradesman Insurance | Melbourne
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