Artisan Contractors Tools Insurance

Artisan contractors of all kinds need a variety of tools to perform their job duties every day. This is why it’s so important to protect them with insurance that specifically covers the tools that are essential for plumbers, electricians, carpenters, and more. Artisan contractor tools and equipment insurance can cover tools that you have either purchase or rented, since they can be expensive to replace. Regardless of the kinds of tools you use in your business, take a look at the coverage you need for them. 

Tools And Equipment Insurance For Artisan Contractors

It’s not unusual to rent expensive equipment and tools that you need for your job as an artisan contractor. At the same time, it’s not unusual to misplace those tools and equipment or even have them stolen at some point. If you cannot afford to immediately replace them as needed, it’s important for you to obtain artisan contractor tools and equipment insurance. Whether you are leasing a box of tools you need for a plumbing project or inspection equipment specific to the electrical industry, you should find out more about artisan contractor tools and equipment coverage.

Tools Replacement

One of the most important details to know is that your artisan contractor tools and equipment insurance can pay to replace the tools and equipment you borrow. Without this type of coverage in your business insurance, you would be left to buy your own replacement after an important tool you leased is stolen, misplaced, or damaged beyond repair. Just choose enough coverage to pay for the entire cost of replacement to fully protect your business when you rent tools and equipment.

Newly Acquired Tools

When you buy new products to replace damaged or missing tools and equipment, you need to insure them. This way, if the replacements are compromised in any way, you can replace those, as well.

Theft Protection

Protecting these assets from theft is of paramount importance. 

  • Immediate Replacement: Ensures rapid replacement of stolen tools, minimizing work disruptions.
  • 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.
  • Protection Beyond Tools: Covers not just hand and power tools, but also larger equipment like mixers, generators, and compressors against theft.
  • Deductible Options: Offers flexibility in choosing a deductible that matches the contractor's risk tolerance and budget.