(888) 900 0205Some Of The Artisan Contractors We Insure
HVAC Contractor Insurance, Plumber Insurance, Electrical Contractor Insurance, Welder Insurance, Fire Sprinkler Installer Insurance
Insurance for Contractor Tools & Equipment
As an artisan contractor, your tools and equipment are vital to your business. Whether you’re a general contractor, electrician, plumber, carpenter or any other artisan contractor, safeguarding these assets is crucial to avoid costly setbacks. Our specialized insurance for contractor tools and equipment ensures that you're covered against a wide range of covered perils, such as theft, fire, and vandalism..
✅ Our team has placed contractor tools and equipment coverage for thousands of artisan trades across the U.S.
Tools Replacement Coverage
One of the key benefits of having tools and equipment insurance as an artisan contractor is the coverage it provides for replacing rented or leased items. Whether tools are lost, stolen, or damaged, the insurance policy can cover policies can be written on a Replacement Cost basis, ensuring you receive the amount needed to buy new tools rather than a depreciated value.
Coverage for Newly Acquired Tools
In addition to protecting rented equipment, you should also consider insuring any new tools or equipment that you purchase. By including newly acquired items in your policy, you’ll be prepared to replace them in the event of theft, damage, or loss. This proactive approach helps secure your investment and ensures that your tools are always covered.
Incorporating artisan contractor liability insurance into your overall business insurance strategy can provide further protection for your operations, keeping your livelihood secure from unforeseen risks.
Theft Protection
Protecting these assets from theft is of paramount importance.
- Replacement: Helps you recover funds to replace stolen tools and minimize downtime.
- Comprehensive Coverage: Covers tools and equipment whether they're on the job site, in transit, or stored elsewhere.
- Specific Tool Scheduling: Provides the option to list high-value items individually, guaranteeing adequate compensation for costly equipment. (Specific Tool Scheduling: Allows you to list high‑value items individually, helping align your coverage limits with each item’s value for more predictable protection.)
- Protection Beyond Tools: Coverage can often be extended to equipment such as mixers, generators, or compressors, subject to underwriting approval, policy limits, and scheduling requirements.
- Deductible Options: Offers flexibility in choosing a deductible that matches the contractor's risk tolerance and budget.
Common Exclusions
While tools and equipment coverage offers protection for contractors, it’s important to understand the common exclusions:
- Normal wear and tear – Damage caused by aging, corrosion, or rust is generally excluded, as these are considered maintenance issues rather than a covered losses.
- Mechanical breakdown – Internal failures, malfunctions, or breakdowns are typically excluded.
- Poor maintenance or neglect – Claims may be denied if damage results from improper care, lack of servicing.
- Unsecured or unattended tools – Tools left in unlocked vehicles, open trailers, or unsecured job sites may not be covered.
- Rented, leased, or borrowed equipment – Coverage for non-owned equipment often requires a specific endorsement and may not be automatic.
Why choose us
Numbers that prove it.
Independent. Licensed in all 50 states. Backed by partnerships with the carriers that matter to your business.
1,000+
Trades Insured
18+
Years In Business
240+
Years In Business
Our Partners
We partner with A-Rated AM Best Insurance Companies (ratings subject to change)
Frequently Asked Questions (FAQs)
Is my equipment covered while being transported?
Covers tools stored in vehicles, typically provided the vehicle is locked and shows signs of forced entry.
How quickly can I get coverage?
Many eligible contractors can receive a quote in minutes and, once underwriting is complete, bind coverage the same day. Most of the time you can receive a quote in minutes and have coverage within the same day, ensuring minimal downtime for your business.
Are rented tools and equipment covered?
Many of our tools and equipment policies offer options to cover rented or leased items. We’ll help you set appropriate limits for any rented equipment you rely on.
Is there a deductible for claims?
Yes, most policies include a deductible. The amount will depend on the coverage plan you choose. We work with you to ensure the deductible is affordable and manageable for your business.
Are specialty tools or high-value equipment covered?
Yes, we offer coverage for specialized and high-value tools, including heavy machinery and custom equipment. Let us know the value and specifics, and we can tailor your policy to ensure full protection.
Can I bundle my contractor liability insurance with tools and equipment coverage?
Yes, we offer bundle packages that combine contractor liability insurance with tools and equipment coverage, often at a reduced rate. This ensures comprehensive protection for your business, both in terms of your equipment and your professional liability.