Tools & Equipment Insurance

Property protection is only one part of insurance coverage for small business owners. Smaller assets like equipment should be considered as insurable items as they are often valuable items that might get overlooked in the larger picture.

Tools and other mobile equipment can be protected through insurance coverage. Tools and equipment coverage, also known as inland marine insurance, is highly recommended for contractors and other business owners who often take equipment with them to jobsites.

A comprehensive insurance plan can protect items like hand-held tools. The right tools and equipment coverage through McGovern Insurance can help provide peace of mind, knowing your tools and equipment are fully protected.

Tools and other mobile equipment coverage is designed for expensive portable equipment, such as welders, generators, nail guns, etc., while hand tools are generally covered on a blanket basis in which no item can exceed $500 in value.

Damages from a multitude of situations can be covered by a thorough insurance plan. It is important for business owners and their assets to be protected, as property damage and theft are not limited to a company’s main location.

One of the biggest risks contractors face is theft of their tools, equipment, or machinery. Don’t leave the tools and equipment you need defenseless to face that risk without adequate protection. Contractors can safeguard themselves from financial loss by protecting the smaller assets that help get the job done with the right insurance coverage.

Tools & Equipment Insurance

Tools and equipment insurance is designed to protect your high-value movable property. Tools and equipment coverage, also known as inland marine insurance, protects your hard working assets from all-too-common risks, like theft and damage, as you transport them to and from your worksite.

As a contractor or construction professional, you regularly transport the tools, equipment, and supplies you need to get the job done. While your valuable business assets are in motion, tools and equipment insurance ensures their replacement should an accident, theft, or loss happen along the way. It can also cover tools that your construction or contracting crew takes with them when they perform a job.

What Does Tools & Equipment Insurance Cover?

Tools and equipment insurance commonly includes coverage for the following types of property:

  • Property in transit, such as contractor's tools and supplies
  • Mobile equipment, such as forklifts, dozers, track hoes, maintainers, loaders
  • Computer equipment and data, such as accounting software, lead-tracking data, policies, procedures, and other electronic assets

From the smallest hand tools to larger equipment such as welders, nail guns, generators and other high-value items, replacement costs can add up fast if your tools are stolen or damaged. With tools and equipment coverage, your investment in these assets is protected.

The professionals at McGovern Insurance will find a solution for tools and equipment coverage that caters to the individual needs of a business. By working with owners and listening to their concerns, McGovern will find a comprehensive solution. Call us at (650) 593-8216.

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