As a business owner, your tools and equipment are crucial to keeping your operations running smoothly. In the event of theft, loss, or damage, having coverage can help you get back to work quickly by covering the costs of repairs or replacements.

It's important to ensure that your tools and equipment are safeguarded at all times and in all locations, whether they are in your vehicle, stored in a trailer, or at a job site. Our company offers an add-on to our general liability insurance for contractors and cleaning businesses, which provides tools and equipment insurance.

If you're interested in obtaining this coverage, you can start by requesting a quote today. Our online process is quick and easy, taking only about 10 minutes to review your options and move forward.

If you bring your own tools and equipment to various locations to perform your work, obtaining insurance coverage for them is a wise decision.

Industries and professions such as landscaping, construction, cleaning businesses, contractors, concrete and cement, plumbers, HVAC, janitorial services, electricians, and carpenters are among those that can benefit the most from this type of coverage.

The coverage includes protection for various tools and equipment, such as:

• Sanding power tools

• Saws

• Laser levels

• Dust-control systems

• Ladders and workbenches

• Power drills

• Blowtorches

• CNC routers

• Oscillating multi-tools

• Concrete moisture meter

• Stand lights

• Hearing protection

• Helmets and safety gear

• Power tubing cutters

If you do not have the appropriate insurance, you will be solely responsible for the cost of replacing or repairing your equipment. However, by obtaining tools and equipment insurance, you can receive assistance in covering the expenses of your essential gear.

This coverage will protect you in the following situations:

Your equipment is stolen from a trailer

While working away from home, you may need to stay at a local motel during the job. Unfortunately, a thief breaks into the trailer you're towing and steals all of your tools while you're asleep at night.

Your tools are stolen from a job site

On a Friday afternoon, you decide to treat your crew to an extended lunch break. However, upon returning, you discover that your on-site shed has been broken into. As a result, you are unable to indulge in your food coma because you notice that a generator and a significant portion of your specialized tools have been stolen.

Someone damages your equipment

Due to your employee's carelessness, your air compressor has been accidentally punctured, and you must now obtain a replacement before proceeding with your project.

Tools and equipment insurance offers financial assistance to safeguard the equipment that belongs to you as well as your employees' tools and clothing. This coverage can also extend to borrowed equipment when you opt for Select Pro or Pro Plus coverage.

Equipment owned by you

Your storage space has been broken into and your generator has been stolen, necessitating the purchase of a replacement.

Employee tools and clothing

An unfortunate leak at a job site has caused damage to your employee's electric power tools, which now require replacement.

Borrowed equipment

A compressor that you had borrowed from another contractor has exploded, and you need to replace it. Please note that this coverage is not included in our basic coverage but is provided through Select Pro or Pro Plus options.

While general liability insurance can cover expenses related to damaged property belonging to others, your own tools and equipment would not be protected unless you have tools and equipment insurance.

Tools and equipment insurance can provide coverage for a wide range of situations. However, it is important to note that it does not cover damage caused by corrosion, rust, wear and tear, or rental equipment. If you plan to rent equipment from another party, it may be more prudent to consider insurance options offered by the rental company.

Some of the circumstances where tools and equipment insurance does not provide coverage include:

Corrosion, rust or wear and tear

Your trusty power cutter has been with you since the beginning, but unfortunately, it has rusted to the extent that it is no longer functional. Regrettably, since the damage is a result of rust, it would not be covered under your insurance policy.

Equipment you rent from someone else

You require a wood chipper for a sudden landscaping project at a nearby university. As your GravySpoon policy does not include coverage for rentals, it may be wise to consider rental insurance from the company where you rent the equipment.

Our tools and equipment insurance is available as an add-on to our general liability insurance policy. You can easily select the appropriate coverage level for your business when you apply for a quote on our website.

The basic level of tools and equipment coverage is available for as little as $12.50 per month. For greater coverage, you can opt for a Pro policy that begins at $24.20 per month. Alternatively, you can choose a Pro Plus policy for $45 per month to enjoy the most comprehensive coverage.

You can easily buy tools and equipment coverage through GravySpoon by filling out an online form and receiving your certificate of insurance in under 10 minutes.

To begin, simply start an instant quote on our website to view coverage options for your business. Here's a step-by-step guide on how it works:

First, we'll request some basic information about your business and its operations, such as:

• Your industry

• Where you do business

• How many years you have owned the business

• Number of employees

• Expected annual revenue

• Recent insurance and claims history

Once you provide your business and operational details, a tailored insurance quote for E&O and other suggested coverage will be made available to you immediately. If the quote meets your requirements, you can modify the package limits and complete the purchase. The insurance coverage will become effective immediately upon payment, and you can obtain your insurance certificate.

Start a free instant quote today.