OUR TOOLS
INSURANCE

All-Risks Insurance Cover For Handheld Tools And Power Tools Including Theft From Unattended Vehicles, Your Home Address And Storage Units 24/7

What Is Tools Insurance?

The Covermytools insurance policy for tools provides all-risks protection for loss, damage or theft of hand tools and portable power tools in the UK or anywhere in the World for up to 30 days.

We can cover all of your business tools, up to a maximum of £25,000; with no limit to the value of any-one-item**

THEFT FROM UNATTENDED VEHICLES OR BUILDINGS

We absolutely recognise that many traditional insurance policies for tools exclude some of the most obvious risks. That’s why we developed our own exclusive scheme providing full cover for theft from unattended motor vehicles or a locked store or building.

Cover applies 24 hours a day, 365 days a Year including FULL OVERNIGHT cover.

As you would expect, we do require the vehicle or building to be locked, with keys removed for cover to apply.

HOW ARE CLAIMS PAID?

Claims are dealt with on a new-for-old basis.

All tools need to be registered on the Datatag Inventory Portal within 14 days of incepting your policy; allowing simple highlighting of lost devices in event of a theft.

Claims can be logged 24/7 via our Claims Portal.

Our Multilingual claims team will manage your claim and arrange for replacement of any lost  items  via our specialist tool replacement service.

In the event  that your specific item cannot be replaced like-for-like, you will be offered a similar replacement and/or a voucher / cash settlement.

WHAT TYPE OF TOOLS CAN YOU COVER?

The Covermytools policy provides cover for all types of hand operated tools and power tools, from drills, to angle grinders, belt sanders to chainsaws!

Simply select the total replacement value of your tools and we can provide instant cover for up to £25,000 per policy.

TOOLS INSURANCE COVER

  • SPECIALIST COVER FOR ALL TYPES OF HANDLED TOOLS AND/OR POWER TOOLS

  • FULL ALL-RISKS COVER

  • THEFT FROM UNATTENDED VEHICLES OR BUILDINGS AS STANDARD INCLUDES FULL OVERNIGHT COVER (NO ADDITIONAL EXCESS APPLIES)

  • SOLE TRADERS, PARTNERSHIPS, LLP’S & LIMITED COMPANIES

  • INDEMNITY LEVELS FROM £1,000 TO £25,000

  • CHOICE OF EXCESS OPTIONS FROM AS LOW AS £100

WHY COVERMYTOOLS?

  • WIDE LEVEL OF COVER VIA A-RATED INSURER PARTNER

  • FREE DATATAG POWER TOOL SECURITY TAGGING SYSTEM (RRP £49.99)

  • FREE TOOL INVENTORY PORTAL TO STORE AND MANAGE YOUR BUSINESS TOOLS

  • INSTANT QUOTATIONS - COVER AND POLICY DOCUMENTS IN MINUTES

  • FLEXIBLE COVER & MONTHLY PAYMENTS – JUST PAY FOR THE SECTIONS YOU NEED

  • EXPERT SUPPORT FROM BUSINESS INSURANCE EXPERTS

  • SPECIALIST CLAIMS SUPPORT & TOOL REPLACEMENT SERVICE

  • PERSONAL – DIGITAL SERVICING AND YOUR OWN DEDICATED INSURANCE PROFESSIONAL

INSTANT QUOTATIONS - COVER AND POLICY DOCUMENTS IN MINUTES

TAILORED ALL-RISKS COVER FROM TOOL INSURANCE EXPERTS

FLEXIBLE COVER AND MONTHLY PAYMENTS - JUST SELECT THE AMOUNT OF TOOLS AND THE EXCESS YOU NEED

DEDICATED CLAIMS HELPLINE AND NATIONWIDE TOOL REPLACEMENT SERVICE

TOOLS CLAIM EXAMPLE

A builder’s garage is broken into, with thieves stealing £7,000 of power and hand tools.

The client contacts our claims centre and we arrange for replacement of the lost items immediately, allowing the client to keep operating his business.

WHAT DO I NEED IN THE EVENT OF A CLAIM?

  • PROOF OF OWNERSHIP (E.G. RECEIPTS, PHOTOS, INVENTORY DETAILS)
  • MAKE AND MODEL OF LOST OR DAMAGED ITEMS
  • CRIME NUMBER IN THE EVENT OF A THEFT OF LOSS INCIDENT

OUR INSURANCE PARTNER

Covermytools insurance policies are underwritten by Great American International Insurance (UK) Ltd, part of the Great American Insurance Group (GAIG).

GAIG’s flagship company Great American Insurance Company, was founded in 1872 and has carried a “A”Rating or higher by A.M.Best for over 100 Years.  The Group has assets in excess of $50 billion and over 7,500 employees worldwide.

9 Albany Park, Cabot Lane,
Poole, Dorset, BH17 7BX

t. +44 (0)1200 309516

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© Insync Insurance Solutions Ltd 2021 All rights reserved. Insync Insurance Solutions Ltd is authorised & regulated by the Financial Conduct Authority where our reference number is 766691. Our registered office is 7th Floor, Corn Exchange, 55 Mark Lane, London, EC3R 7NE and we are registered in England under company number 08810662. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR | Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk | Privacy Notice | Terms Of Business


** Maximum of £15,000 per individual vehicle applies
***One free Datatag system is provided for sums insured up to £10,000 & Two packs for £10,000 and over
****All tools MUST be added to the portal within 14 days of incepting cover to ensure Theft cover remains in place. Tools valued under £250 individually can be bundled together as “Miscellaneous Tools” if required.