Tools & Equipment Insurance
How Much Does Tools Insurance Cost for a Small Contractor?
Most small contractors pay $300–$500 per year for $15,000–$25,000 in tools coverage. It’s one of the most affordable coverages in business insurance.
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What does tools insurance cost for a solo or small contracting business?
For a solo contractor or small crew carrying $10,000–$25,000 in tools, annual premiums typically range from $300 to $500. That’s $25–$42/month to protect your entire tool investment.
Cost factors: total tools value, your trade (roofing and excavation run higher than painting or tile), claims history, deductible, and whether you want open-perils or named-perils coverage. Open perils costs 15–25% more but covers accidental damage in addition to theft and fire.
Trade Safe shops dozens of carriers to find the best rate for your specific trade and tool inventory. In many cases, we can bundle tools coverage into your existing GL policy at a lower combined premium than buying separately.
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.