Tools Insurance FAQs
How do I insure my work tools?
If you work in a trade, your tools are your lifeblood. Without them, you probably can’t work. So, as you sort out your compliance and insurance, you may be wondering how you insure your work tools.
Is tools insurance worth it?
If you work in a trade connected to the construction industry, your tools are important. You will need to work out what insurance you require to properly protect your business, so it’s useful to know whether tools insurance is something to consider.
How much is tools insurance?
Where are my tools covered?
Are there limits to when my tools are covered?
What about theft from my van?
Are the tools kept in my home garage or shed insured by my home insurance policy?
My Business Insurance or Public Liability Insurance policy includes tools cover. Do I need a separate policy?
Can I insure all of my tools?
What’s the difference between Plant and Tools?
Plant is large or heavy machinery and equipment (like concrete mixers, cranes and forklifts). Plant isn’t handheld, and is not covered under our policy.
What is the limit of liability under the Tools policy?
How much will I be paid if an item is stolen or damaged beyond repair?
What if the item can be repaired?
What’s not covered?
Our policy doesn’t cover damage to any tool caused by its own breakdown, explosion, or loss by disappearance or by shortage, which is only discovered by a routine inventory or periodic stock-taking.
I have employees / apprentices who use tools as well. Will they be covered under the policy?
Yes. Tools that belong to you and your employees are covered under the policy – with the same terms of business and exclusions detailed in the policy schedule.
What is an Excess?
Who provides the insurance?
Zurich Ltd, one of the world’s largest insurers. Zurich Ltd provides the support you need for your insurance, as well as a 24 hour claims line if you need to claim.
Are mobile devices or wearables etc. covered under this policy?
I currently have a Trade Direct Public Liability Insurance that doesn’t have tools cover. Can I amend my policy to include tools?
How do I make a claim?
Do you charge a fee for a policy?
How can I pay for my policy?
Can I pay by debit / credit card?
Can I pay by instalments?
How do I get my documents?