Tools & Equipment Insurance
Covers the tools, machinery, and portable equipment your crew depends on — protection against theft, damage, and loss on the job site, in transit, or in storage.
Tools & equipment insurance — technically inland marine coverage — protects the tools, machinery, and portable equipment your business depends on, wherever it happens to be: on a job site, in a locked truck, in a trailer, or in storage between projects. Standard commercial property insurance is built around a fixed business location and usually excludes or sharply limits mobile equipment, which is exactly the gap this coverage fills.
For contractors, tools and equipment often represent a significant portion of business assets — and theft from job sites and vehicles is a persistent, well-documented risk in construction. Replacing stolen or damaged equipment out of pocket can derail a project timeline as much as it hurts the bottom line.
Why It Matters
Common Claims Tools & Equipment Insurance Responds To
Job Site Theft
Tools and equipment left on an active or overnight job site are a common theft target.
Vehicle Break-Ins
Equipment stored in a work truck or trailer is exposed when parked overnight or between jobs.
Weather & Fire Damage
Equipment exposed to the elements or stored near flammable materials carries damage risk.
In-Transit Loss
Equipment can be damaged or lost while being transported between job sites.
What's Covered
What's Included
Theft Protection
Coverage if tools or equipment are stolen from a job site, vehicle, or storage location.
Fire & Weather Damage
Protection against fire, wind, and other weather-related damage to covered equipment.
In-Transit Coverage
Coverage while equipment is being transported between job sites, not just while sitting still.
Scheduled High-Value Items
The ability to individually schedule higher-value equipment for precise coverage limits.
Cost Factors
What Affects Your Premium
- Total value of tools and equipment covered
- Blanket vs. scheduled (itemized) coverage
- Theft history/location risk
- Deductible chosen
Typical Range
Premiums scale with the total insured value of your tools and equipment — a small hand-tool inventory costs far less to insure than a fleet of heavy machinery. A quote based on your actual inventory is the only accurate number.
Every business is different — the only way to get an accurate number is a real quote based on your trade, revenue, payroll, and claims history.
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Tools & Equipment Insurance Questions
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Free, no-obligation quote from a licensed agency — matched to your exact trade and class code.