Tool insurance for Australian tradies, contractors and businesses that rely on essential tools, equipment and mobile assets to earn an income.
Options shaped around your tools, work and business
Discuss limits, specified items and valuable equipment
Practical help when tools are lost or damaged
Local guidance for trades and businesses
For many Australian trades and contracting businesses, tools are essential income-producing assets. Tool insurance may help protect hand tools, power tools, equipment and other portable property against insured loss or damage, subject to the policy wording, limits, excesses, conditions and exclusions.
ABS Insurance Brokers can help you consider how your tools are stored, transported and used—including tools in a vehicle, at a worksite, in a locked building or temporarily hired for a project. We can also discuss how tool cover fits alongside public liability, commercial motor, plant and equipment and broader business insurance.
Hand tools, power tools and portable trade equipment may be covered
Options may respond to theft, fire, storm, impact or other insured events
Consider cover while equipment is being carried between jobs or stored in a vehicle
Discuss tools kept at sites, workshops, sheds, containers or other locations
Cover options may be available for hired or leased tools and equipment
Larger-value tools may need to be individually listed for the required level of protection
We understand the realities of mobile work and jobsite exposures
Consider tool cover alongside liability, motor, plant and business insurance
We can approach insurers suited to your trade and equipment risks
Clear explanations from quote through renewal and claims
Update cover as your equipment, contracts and business change
Request a tailored tool insurance review from ABS Insurance Brokers.
Tool insurance is designed to help protect tools, equipment and portable business property used in a trade or contracting business. The available protection depends on the policy selected, including its insured events, limits, excesses, conditions and exclusions.
Depending on the insurer and policy, cover may be available for theft following required security measures, accidental damage, fire, storm, impact, transit and tools stored at a worksite or business premises. Hired equipment, trailers, mobile plant and portable electronics may require separate consideration.
Vehicle and toolbox theft cover is subject to the policy’s security requirements and exclusions. Insurers may require forced entry, locked storage, evidence of ownership and other conditions. Tell your broker how tools are stored overnight so the cover can be assessed accurately.
Often, higher-value tools and equipment need to be specified individually, with their make, model, serial number and value. Listing an item can help ensure the selected limit reflects the asset, but the policy wording determines how a claim is settled.
No. Tool insurance addresses physical loss or damage to equipment. Public liability responds to covered claims involving third-party injury or property damage arising from your business. Many trades need to consider both forms of protection, along with motor, plant and other covers.
