The tools and equipment you rely on at work every day can be expensive to replace, often it is hard to source the same make and model to that which you’ve always had. Stolen or damaged tools and equipment can mean valuable time away from your job which can ultimately be an expensive cost for your business.
General property/tools of trade insurance provide coverage for the loss or damage of your contents or tools of trade that are mobile. Examples of items you can cover include:
- Tools of Trade Used at Client Sites
- Portable Equipment (Mobile Phones, Cameras, Surveying Equipment, etc.)
- Portable Computers
- Property Which is Moved Between Multiple Business Premises
Learn how EWIB can help you
At East West Insurance Brokers, we understand that without your tools, it can be extremely difficult to work. General property/tools of trade insurance is essential for tradesmen in order to complete their work as they rely on a set of tools to perform best on the job. With that, we know what these tools are worth to you and your business.
The best way to determine which policy is most appropriate for your field of business is to speak to one of our brokers. We are able to assess the specifics of your business and situation to make an informed suggestion on what suits you best in a general property/tools of trade policy.
Why Is General Property/Tools of Trade Insurance Important?
It’s important to safeguard your own tools and equipment when you’re hustling from job to job.
At East West Insurance Brokers, we have seen tradesmen with tens of thousands of dollars’ worth of equipment which they had accumulated over the years. Within a matter of minutes, they could all be damaged/stolen. Tools of trade are, unfortunately, a preferred target for thieves as they can often be easily exchanged for cash.
With that, it’s important to have general property/tools of trade insurance to keep you protected as the policy allows for replacement of tools and equipment in the event of a theft.