What Is Tools & Equipment Insurance?
Tools & Equipment Insurance helps protect the valuable equipment your business depends on every day. Often written as an inland marine policy, this coverage can help protect movable tools and equipment against covered losses while they are being transported, stored, or used at a job site.
Protecting Your Mobile Assets
Contractors frequently move their equipment between homes, businesses, storage facilities, and job sites. A theft, accident, fire, or other covered event could leave you facing expensive replacement costs and project delays. Having appropriate coverage can help you recover from these unexpected losses.
Coverage Tailored to Your Business
At Pascal Burke Insurance Brokerage, we understand how important your equipment is to keeping projects on schedule. Whether you work in electrical, roofing, construction, or another trade, we can help you explore coverage options based on the equipment you own and how you use it.
Tools and Equipment coverage can be structured around your business rather than requiring separate insurance for every individual item or project. Available protection and covered causes of loss depend on the policy, insurer, and selected coverage.
What Does Tools & Equipment Insurance Cover?
Your tools and equipment represent a significant investment, from everyday hand tools to expensive machinery and mobile equipment. Proper coverage can help reduce the financial impact of covered theft, damage, or loss.
Depending on the policy, tools and equipment coverage may include:
Contractor tools and supplies while being transported.
Mobile equipment such as forklifts, loaders, dozers, track hoes, and maintainers.
Equipment stored at covered locations or used at job sites.
Certain computer equipment and electronic business property, when specifically included.
Other movable property used in your contracting operations.
The right coverage depends on what your business owns, where your equipment is kept, how it is transported, and how it is used. Pascal Burke Insurance Brokerage can help you review your equipment and find an appropriate coverage solution for your contracting business.
Let’s Find the Right Coverage
Click below to visit our quote page, share a few details about your business, and let our team help you find suitable coverage.
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