Contractor's Tools & Equipment Insurance

Contractors Tools & Equipment insurance covers the tools and equipment that contractors use in their business for theft, fire, and more.

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What is Contractor's Tools & Equipment Insurance?

Contractors Tools & Equipment insurance is an essential policy for businesses in the construction and contracting sectors. It primarily covers the loss or damage of tools and equipment vital to the job, including items that are leased or rented, while also extending to cover equipment in transit or stored offsite.

Why You Need It

1

To Meet Contractual Requirements

Many contractual agreements with clients or subcontractors require proof of this type of coverage to ensure that work will not be delayed due to equipment loss or damage.

2

To Protect Their Investment in Tools & Equipment

Tools and equipment often represent a significant investment for contractors. Having this type of insurance helps businesses protect these valuable assets against unexpected losses.

3

To Maintain Business Continuity

Essential tools and equipment can break down or get stolen, leading to work delays. Contractors Tools & Equipment insurance can provide the necessary funds for quick replacements, helping businesses maintain operations and meet project timelines.

Protect Your Tools & Equipment

We will help you find different policies that offer quality coverage at low costs.

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What Contractor's Tools & Equipment Insurance Covers

Stolen Equipment

Stolen Equipment

Covers tools and equipment stolen from job sites, storage facilities, or company vehicles.

Damaged Equipment

Damaged Equipment

Pays for the repair or replacement of tools and equipment damaged due to a covered risk like fire, vandalism, or certain weather events.

Equipment in Transit

Equipment in Transit

Protects against damages or losses while transporting equipment between job sites.

What Contractor's Tools & Equipment Insurance Doesn't Cover

Not Covered

Normal Wear and Tear

This insurance does not cover the costs to replace tools or equipment due to regular wear and tear or gradual deterioration.

Not Covered

Equipment Over A Body of Water

Unless you have a specialized policy, most policies do not cover damage that occurs while operating over a body of water.

Reasons To Have Contractor's Tools & Equipment Insurance Coverage

Contractor's Tools & Equipment Insurance is a must have for businesses that need:

To Meet Contractual Requirements

Many contractual agreements with clients or subcontractors require proof of this type of coverage to ensure that work will not be delayed due to equipment loss or damage.

To Protect Their Investment in Tools & Equipment

Tools and equipment often represent a significant investment for contractors. Having this type of insurance helps businesses protect these valuable assets against unexpected losses.

To Maintain Business Continuity

Essential tools and equipment can break down or get stolen, leading to work delays. Contractors Tools & Equipment insurance can provide the necessary funds for quick replacements, helping businesses maintain operations and meet project timelines.

What Does Contractor's Tools & Equipment Insurance Coverage Cost?

Costs can vary based on your location and the specific type of work you perform. Here are some examples of Contractors Tools & Equipment policies for various contractors:

Fiber ContractorExcavation ContractorAsphalt Contractor
StateINTXOK
Value of Equipment$92,000$461,658$194,371
Deductible$1,000$1,000$2,500
Annual Cost$722$3,565$2,916

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What Our Customers Are Saying

Buying insurance can be a daunting task because of the complexity of each policy. LandesBlosch has been a game changer for my business. They held my hand through all the different options that my businesses may or may not needs to make sure I'm not underinsured. This reduces my personal stress and my business liability.

Dalton P.

I have been with Guy Landes and the LandesBlosch agency for almost 20 years. Guy Landes and his staff have been there for me and my entire family through several claims as well as guiding us successfully to ensure our family’s ever changing and growing business. Whether you are looking for personal or commercial insurance, you cannot find a more devoted and competitively priced group than the LandesBlosch Group!

Mike S.

If integrity is an important element in your business dealings? LandesBlosch delivers. This company stands on timeless character strengths that have been the cornerstone of their business build. Exemplary customer service skills combined with astute knowledge in the industry equates to unparallel success for any individuals or businesses seeking solid counsel. I highly recommend LandesBlosch as your insurance partner, you will not be disappointed.

Cheri M.

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