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.

  • "Had my category (AV installation)"
    The Trustee For Hearing Connections Trust | Tradesman Insurance |
  • "We find them professional with excellent customer service."
    Custom Auto Gates Pty Ltd | Tradesman Insurance |
  • "It is the ease of getting them to find the most relevant and cost effective insurance, plus they followup on ensuring that I am compliant (as in my busy schedule, I often overlook this vital requirement."
    Mark Stanley Hawkins | Tradesman Insurance |
  • "got it all sorted asap"
    Adrian Allan Hurst T/As Styx N Stuff | Tradesman Insurance |
  • "helpful over the phone and very polite"
    PETER JOHN STAGG | Tradesman Insurance |
  • "Trade Risk are fabulous. Every year they organize our insurance with no fuss or bother, they handle everything. Very happy with their service and highly recommend them."
    | Tradesman Insurance |
  • "Great service"
    | Tradesman Insurance |
  • "Trade risk provided insurance I needed, made the process quite simple and easy to understand ."
    | Tradesman Insurance |
  • "Very fast and good service !!"
    Ow Painting Pty Ltd | Tradesman Insurance |
  • "Good price for insurance. Good correspondance between insurer and me."
    | Tradesman Insurance |
  • "Great communication and very easy to deal with!!"
    Dimitri Shahmatov | Tradesman Insurance |
  • "easy no hassle insurance"
    Rodney McKenzie T/As Rod McKenzie Plumbing | Tradesman Insurance |
  • "Very good service, easy to deal with as they understand my needs."
    Bris Power Pty Ltd ATF Hore Family Trust | Tradesman Insurance |
  • "Service has been absolutely excellent staff couldn’t help enough"
    Peter Hyde | Tradesman Insurance |
  • "I have been dealing with Cheryl and whatever questions I have, she has followed up and got back to me that day. Very happy customer"
    | Tradesman Insurance |
  • "Very helpful and would recommend them to other tradies!"
    | Tradesman Insurance |
  • "Paul and Anastasia were both outstanding and efficient"
    Angus Worner-Ridley | Tradesman Insurance |
  • "Good prince, slightly hard to process online but good product"
    LEE HOWIE | Tradesman Insurance | Littlehampton