fbpx

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 2020 Trade Risk was awarded the Platinum Trusted Service Award for the amazing service we offer to thousands of tradies from around Australia.

  • testimonial background
    "Trade Risk company is so approchable, and easier to renew public liability. Price was reasonable."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Simple and effective"
    Rielec Pty Ltd | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Was easy to use & competitive prices , great cover for all my painting needs . Thanks"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Perfect service!!!"
    Aquality Plumbing Pty Ltd | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Great service with the broker I spoke to."
    Chris | Tradesman Insurance | Wollongong
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Awesome service"
    J Jackson | Trade Insurance - Renewal | Sydney
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "easy to use, no hassle good straight forward pricing"
    | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "We've been using Trade Risk for a few years now. Communication has always been excellent and prices have been good also."
    | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "All done with no fuss & good price. Thank you."
    Bruce Rigby | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Trade Risk understands your needs and is very friendly and easy to deal with. Their customer service is excellent!!"
    Frederick Luhn Schonefeld | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "easy to work with, all ways happy to help"
    The Trustee for G Dervisholli Family Trust | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Great communication and service!"
    | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Cannot fault these guys. They look after our business insurance and vehicle. They save us money as well as time and hassle. I don't bother shopping around each year as I know they'll look after us."
    | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very easy to talk with"
    | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Was helped by Jeremy, very helpful and excellent customer service."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good and easy to use"
    Daniel Toohey | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very quick and efficient service Thank you"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "I paid on 07.09.21 & have not received any confirmation,my old policy ran out on 17.09.21 & I still do not know if I am insured I have no certificate of currency. This evening I have emailed your rep. I am very disappointed & concerned that I am not covered."
    | Trade Insurance - Renewal |
    star fullstar fullstar fullstar fullstar full
Loading...