Tools & Equipment Insurance
How Do I Know If My Tools Limit Is High Enough?
Build a complete inventory. Most contractors find they’re underinsured by 30–40% when they actually add up their tool replacement costs.
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Is my current tools insurance limit sufficient?
The only way to know if your limit is sufficient is to do the math. List every tool you own — power tools, hand tools, specialty equipment, accessories, ladders, cords, cases — and look up the current replacement cost for each.
Common underinsurance scenarios: A $15,000 blanket limit sounds like a lot until you realize your drill set alone is $800, your impact wrenches are $1,200, your laser level is $1,500, and your diagnostic equipment is $4,000 — and you haven’t counted your hand tools yet.
Review your limit annually. Tools are replaced and upgraded constantly. A limit that was adequate two years ago may leave you underinsured today. Trade Safe can help you review your inventory and ensure your limit matches your actual exposure.
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.