888-900-0205Insurance 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, no matter the circumstances.
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 the replacement costs, ensuring that your business continues running smoothly. To safeguard your operations, it's critical to select sufficient coverage that accounts for the full replacement value of the tools and equipment you use.
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.
- 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.
Frequently Asked Questions (FAQs)
We’re big believers in keeping things simple, so ask us anything and we’ll answer honestly and without the jargon.
Is my equipment covered while being transported?
Yes, our insurance covers your tools and equipment whether they are at a job site, in transit, or stored in a vehicle.
How quickly can I get coverage?
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?
Yes, we offer coverage options for rented or leased equipment as well. Contact us for more details.
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.