Tool insurance
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Why is tools insurance cover important?
A fire in your garage or a sudden break-in – losing your tools and finding replacements can cost your business valuable time and money. If your property is badly damaged, destroyed, or lost for good, tool insurance can cover the cost, helping you operate against the odds. Our insurance covers many tools of trade too – check your policy wording for specific details.
- insurance for tools of trade, including saws, drills, pliers, screwdrivers, and more
- tools left in your van overnight, covered as standard
- cover for break-ins, flood, fire, and loss, for peace of mind while you work
Tool Insurance – what’s covered?
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Theft
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Flood
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Fire
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Loss
This content has been created for general information purposes. Make sure you have the right level of cover by checking your policy documentation for details. Read our full Terms and Conditions
How much does tool cover insurance cost?
£17.64 /month
£156.37 /year
A self-employed builder working in residential locations
- 2-3 years’ experience
- Sole trader
- No employees
- Based in Exeter
Public liability
£1,000,000
Employers’ liability
Not included
Tools
£1,000
£40.03 /month
£355.84 /year
A self-employed builder working in residential locations
- 2-3 years’ experience
- Sole trader
- No employees
- Based in Exeter
Public liability
£1,000,000
Employers’ liability
Not included
Tools
£10,000
How we work out example quotes These examples are real quotes from our online system (created 03/03/2023). They’re based on a range of factors, like employees and location. Your own quote will be based on what you tell us about your business. Prices may go up or down from day to day, so the prices you’re quoted may differ to the ones you see here.
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Looking for something else?
Depending on your set-up, clients and business type, these expert covers might be helpful too:
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Our team of UK-based insurance experts are here to help, Mon 09.00am – 05.30pm, Tues 09.00am – 05.30pm, Weds 09.00am – 05.30pm, Thurs 09.30am – 05.30pm, Fri 09.00am – 05.30pm, Sat 09.00am – 02.00pm
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How do tool insurance claims work?
Unlike price comparison websites, we take the hassle out of claims for you. We know how important it is to get your business back on track quickly – and with a minimum of fuss. That’s why you get access to your dedicated claims any time, day or night. Call them on 0333 207 0560 or claim online. They’ll do their best to be fair and supportive.
Example claim
Having tools insurance cover through Simply Business has saved UK small business owners thousands of pounds when the unexpected happened.
Greg saved more than £1,000
Greg (not his real name) called our claims team at Sedgwick to report a fire at the allotment where he keeps the tools for his business. The optional tool insurance added to Greg’s business policy helped cover his replacement costs.
Insurance payout
£1,167.13
Covering the cost of fire
Insurance payout
Covering the cost of fire
Covering the cost of fire
Chosen by nearly 1 million small businesses and landlords
We started out as a team of five back in 2005. We’ve grown since then, with nearly 1 million customers across 1,500 trades now trusting us to provide their business insurance.
Tools insurance FAQs
Whether you’re new to buying insurance or you’ve been operating your business for a while, here are the answers to some commonly asked questions about insurance for tools.
You can also check out our business insurance FAQs.
It’s a good idea to keep hold of the receipts and a record of the serial numbers when you buy tools. This can make it easier to track them down if they’re stolen and can speed up the claims process.
Most standard home insurance policies don’t cover tools you use for work, however it’s possible to add on extra cover. Check with your home insurance provider to make sure you’ve got the right level of protection.
If your garage is attached to your house, it’s likely to be covered by your home insurance. If you keep tools you use for work in your garage, they may be covered by your home insurance policy or tools in transit insurance. Check with your insurer to make sure you have the right level of protection.
Tools in transit is when the tools you use for work, such as portable hand tools or power tools, are being loaded on or off your vehicle, or temporarily housed on it. You can get specialist van tools insurance cover to protect you if your tools are lost, stolen, or damaged while in transit.
We provide a range of cover options for specific business types, including:
- Builders insurance
- Bricklayers insurance
- Carpet fitter insurance
- Electrician insurance
- Flooring contractors insurance
- Glazier insurance
- Joinery insurance
- Painter and decorator insurance
- Plasterers insurance
- Roofer insurance
- Tilers insurance
Is your profession not listed? When you run a quote you can select your trade from over 1,000 options.
We create this content for general information purposes and it should not be taken as advice. Always check policy documentation for details and seek professional advice. Read our full Terms and Conditions
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