Tools & Equipment Insurance

Tools and equipment insurance covers your business tools, machinery, and portable equipment against theft, damage, and breakdown.

Your tools earn your living. Protect them.

Tools & equipment insurance (also called inland marine or contractor's equipment coverage) protects portable tools, machinery, and specialized equipment that travel between job sites. Unlike commercial property insurance, it covers your gear wherever it goes — on-site, in transit, or stored off-premises.

What Tools & Equipment Insurance Covers

Theft

Your policy covers the replacement cost of stolen tools and equipment, whether they were in your vehicle, at a job site, or in a storage unit.

Accidental Damage

Coverage pays to repair or replace equipment damaged by accidents, regardless of location.

In-Transit Loss

Your tools and equipment are covered while being transported between your shop, warehouse, and job sites.

Who Needs This Coverage?

Any business that relies on portable tools, machinery, or specialized equipment — especially if that equipment leaves your premises.

What Happens Without It

A contractor's truck is broken into overnight. $25,000 worth of power tools, laser levels, and diagnostic equipment is stolen. Commercial auto insurance covers the truck. Commercial property covers tools at your shop. But neither covers tools stolen from a vehicle or job site. Without inland marine coverage, you replace everything out of pocket.

Real-World Example

An HVAC technician's van is involved in an accident. The van is repairable, but $15,000 in diagnostic equipment and refrigerant recovery tools inside are destroyed. Tools & equipment insurance covers the full replacement cost of the destroyed equipment, separate from the commercial auto claim on the van.

RISKX — Commercial Insurance Agency | Licensed in All 50 States | (800) 400-8398 | [email protected]