Tools & Equipment Insurance
How Much Tools & Equipment Coverage Do I Need?
Add up the replacement cost of every tool you own. Most contractors are surprised — tool inventories often total $15,000–$60,000 or more.
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How do I determine the right tools insurance coverage limit?
The right coverage limit is the full replacement cost of your tool inventory. Walk through your truck, job site storage, and shop — count every power tool, hand tool, specialty instrument, accessory kit, and piece of equipment you’d need to replace if it all disappeared tomorrow.
Common totals by trade: electricians $20,000–$50,000, plumbers $15,000–$40,000, HVAC technicians $25,000–$60,000, general contractors $30,000–$75,000. Specialty contractors with heavy equipment can easily exceed $100,000.
Most contractors underestimate their tool inventory by 30–40%. Build your list from scratch rather than guessing — you’ll likely discover you need more coverage than you initially thought.
Get the right tools coverage today.
Trade Safe shops dozens of A-rated carriers to find you the best tools & equipment policy for your trade.