Your Business
Tools & Equipment Coverage
Your property policy covers the premises. Tools in the van and gear on site are somewhere else entirely.
Calibrate
Drag to set each value — estimates are fine.
Replacement cost of everything that leaves the premises.
Inland marine coverage — the policy written for property that moves.
Without a limit the gap cannot be illustrated — the limit is the figure to confirm.
The most common way tools are actually lost — and the most commonly excluded.
Rental agreements normally make you responsible for damage and loss while it is in your care.
Common in the trades, and generally outside the business policy.
ICC Team
Insurance Confidence Center
A number is a starting point. Walking through what it means for your actual policy is the part that changes anything.
What this means for you
Get a plain-English summary of your reading.
Levers that move this
- Value of tools and equipment you own
- Do you carry a tools or contractors' equipment floater?
- Floater limit, if you know it
- Are tools left in vehicles overnight?
- Do you rent or lease equipment?
- Do employees use their own tools?
Drag these dials above to see the effect instantly.
Get the full write-up
The assumptions behind the figure, the method, and the disclosures that go with it.