Tools and Equipment Insurance
Protection for the work gear you bring to a job site
Choose your primary industry to get started:
What is Tools and Equipment insurance coverage?
What can Tool and Equipment insurance cover?
- Repair and replacement costs for stolen tools, machinery, work clothing and safety gear
- Equipment coverage for accidental damages
How much does Tools and Equipment insurance cost?
Starting at $19/month†
Buy online in about 10 minutes, and cancel anytime.
Who needs Tools and Equipment insurance most?
- Construction trades
- Contractors
- Cleaners and janitorial businesses
Insurance for tools and equipment could help with
Stolen tools
A trailer of gear or equipment on a job site goes missing and needs replacing.**
Damaged equipment
An essential piece of machinery gives out.
Rental equipment
A tool you contract out for the job gets lost or stolen.
How much does Tools and Equipment insurance cost?
Tool and equipment insurance for contractors, an add-on to general liability insurance, can cost as little as $19/month† for some low-risk businesses.
Several factors influence your business insurance quote, including:
- Your industry
- Your business operations
- The size of your business
- Where you do business
- Your business needs and how much coverage you choose
- Policy and coverage limits
How to buy Tools and Equipment insurance online
Start a free online quote
In about 10 minutes you’ll see the exact price you’ll pay for business insurance online.
Customize your coverage
Adjust your policy limits and deductibles to pick the right coverage at the right price.
Buy 100% online
Your coverage is effective after payment. And your certificate of insurance can be shared at no extra cost.
Who needs Tools and Equipment business insurance?
Construction trades and contractors
Contractors and other construction pros like plumbers, electricians, painters and landscapers. You can get protection from some financial losses If the tool storage shed or trailer gets broken into, or if your contractor accidentally breaks the tools you need to finish the job.
Cleaning and janitorial services
Commercial cleaners and house cleaners travel with equipment and supplies to worksites to get the job done. If anything gets damaged or lost along the way, this coverage could help you quickly replace it or repair it to help you cut downtime and get back to work.
Tools and Equipment insurance FAQ (frequently asked questions)
What types of tools and equipment can be covered by Tool and Equipment insurance?
Some examples of business equipment that could be covered items under your tools and equipment policy include:
- Sanding power tools
- Saws and hand tools
- Backhoes and excavators
- 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
What’s not covered by contractors equipment insurance?
Tool and equipment insurance, also called inland marine insurance, covers a lot if your tools go missing — but it won’t cover everything.
Be sure to check your policy for exclusions that won’t be covered. Some instances where tools and equipment insurance usually won’t provide coverage include:
- Corrosion, rust or wear and tear. If your power cutter is so rusted it’s no longer usable, it wouldn’t be covered by your policy.
- Costs beyond the limit of your policy. Read your policy carefully to understand its limits.
How do I make a business insurance claim?
You can file a claim anytime online or in the ERGO NEXT app.
You’ll be asked to share the details of what happened and to provide relevant photos and documentation. We strive to make claims decisions as quickly as possible so that you can get back to work.
When will I get my policy and proof of insurance?
It takes about 10 minutes to get a quote, buy coverage and get access to policy documents and your certificate of insurance (COI).
You can access your documents and COI 24/7 online or in the ERGO NEXT app for iPhone or Android.
How much business insurance do I need?
The amount of business insurance best for your business depends on many variables, such as:
- Your level of risk
- The state where you work
- The type of work you do
- How many employees, subcontractors and customers you have
- The value of your business property
- Your building structure and stability
ERGO NEXT’s online quote tool will prompt you for answers to give you an exact quote for business insurance specific to your business.
ERGO NEXT Insurance reviews
There’s a lot to love about ERGO NEXT
Get insurance in less than 10 minutes and you can save up to 25% in discounts*
Unique, flexible coverage with easy monthly payments
Do it all 100% online or talk to a licensed U.S.-based advisor
Coverage on-the-go for policyholders
Manage your policies, send and create certificates of insurance, or file a claim with our app.
