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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 thanks for deal with"
    Liam Paul Cremin ATF L & J Cremin Family Trust | Tradesman Insurance |
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    "Could have given me a better rate, and no response from request"
    David Mathew Zemunik | Tradesman Insurance |
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    "great customer service"
    Steven Tiling Pty Ltd | Tradesman Insurance |
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    "easy process"
    Tercom Pty Ltd | Tradesman Insurance |
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    "Ease of setup"
    Ross Philip Eadie | Tradesman Insurance |
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    "Supplied information I needed,arranged my insurance with no worries .have no hesitation in referring them to others.m"
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    "Couldn't recommend traderisk enough. Jordan is great to deal with and worked hard getting me the best cover."
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    "Very prompt service,and price was not jacked up from previous year unlike past insurers I have used."
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    "Good chat and explanation on phone Good premium"
    Richard William Morris | Tradesman Insurance |
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    "great customer service"
    Local And Licensed Pty Ltd | Tradesman Insurance |
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    "Trade risk were efficient with their service. They were available to talk to immediately and a quote was given promptly."
    Del Romano Electrical Services Pty Ltd ATF | Tradesman Insurance | EPPINGVic
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    "Quick and easy."
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    "Excellent service, prompt and easy."
    Alan Sharpe | Tradesman Insurance |
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    "Got wonderful quick help with the details I was chasing regarding our insurance."
    Celia S | Tradesman Insurance | Brisbane
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    "Very happy with the service I got ... great information that would really help me along... thanks to all"
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    "I couldn’t afford to pay 12 month policy So they made it 6 month Something I could afford at this time"
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    "Always easy and happy to help with any questions or issues!👍🏻"
    Phil Morley | Tradesman Insurance | Victoria
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    "The team at Trade Risk are amazing! I have Income and Liability insurance with trade risk.The team has always been helpful to assist me with both my policies. I would defiantly recommend them to other tradies!"
    Scott Peter Rowlands | Tradesman Insurance | Narrabeen
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