Tool Coverage:
There is No Coverage Under your Automobile Policy

If you are a contractor and have a Personal or Commercial Automobile Policy your tools and equipment are NOT covered under these policies. A separate Business Insurance Policy is required to cover your tools and equipment.

A Tool Floater or Contractors Equipment Floater is available on your Business Insurance Policy to cover your tools and equipment while in your vehicle or at your client’s premises. A locked vehicle warranty applies to coverage if there is a theft from your vehicle so that visible signs of entry must be apparent in order for coverage to respond. A Tool Floater is used to insure small, mostly portable tools such hammers, saws and small power tools. A Contractor Equipment Floater is used to insure larger equipment such as cranes, excavators, forklifts, backhoes and any large equipment.

Clients typically requiring this coverage may include:

• Handymen & Renovation Contractors
• Carpenters
• Electricians
• Plumbers
• General Contractors
• Excavators
• Painters
• Plus many more

For further information and to discuss your individual needs please contact one of our licensed insurance professionals.