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

  • testimonial background
    "Communication with the company and the account manager Helen was first class. could not fault"
    The Trustee For The Robson Family Trust | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good service."
    Darren Tervit | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good service and communication."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Helpful and clear and responsibe"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good service as usual."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Straight forward and seamless insurance set up , I had some questions regarding my policy and they were answered quickly using live support."
    Valley Smart Home & Electrical Pty Ltd | Tradesman Insurance | Lockyer Valley, QLD
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Easy, straightforward process from start to finish. Knowledgeable staff which added to the easy progress to finalisation."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Yes definitely recommend Prompt service"
    Fay Marie Dunwoodie | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very helpful and friendly staff and ease of service"
    Ashley Dene Treeby | Tradesman Insurance | Alexandra Vic
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very happy with the service, great communication with quick response"
    Clancy Lee Roberts | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Great service and detailed information."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good costumers service Affordable prices"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Great Service!"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Easy to deal with, took the stress out."
    Davis Barry ATF Barry Family Trust | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Knowledgeable and friendly service. Nothing seemed too much trouble...I trust that in the event of a claim (hopefully not!!) it will be equally as good!"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very quick and helpful"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very helpful."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "VERY QUICK AND EASY TRADE RISK ARE GREAT TO DEAL WITH OVER EMAIL AND PHONE THANKS AGAIN TO ALL THE TEAM MEMBER AT TRADE RISK"
    Maximiliano Gonzalez-mendoza | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full