All-risks insurance cover for handheld tools and power tools including theft from unattended vehicles, your home address and storage units.

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 tools up to a maximum limit of £10,000 per insured person, with no inner limit to the value of any-one-item.

Does Covermytools provide insurance for theft for unattended vehicles or buildings?

Absolutely, we 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.

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

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 £10,000 per insured person.

How do you deal with claims?

Claims are dealt with on a reinstatement basis.  We will have the option to replace, repair or reinstate the damaged or lost tools, utilising our specialist tool replacement service.  In the majority of cases, you will be issued with a voucher which can be redeemed instantly at our Approved Suppliers. Unfortunately, we do not offer a cash replacement option.

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 (no additional excess applies)
  • Sole traders, Partnerships, LLP’s & Limited Companies
  • Indemnity levels from £1,000 to £10,000
  • Choice of excess options from as low as £50

Why Covermytools?

  • Wide level of cover via A-Rated Insurer partner
  • 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

Tools Claims 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 information do I need in the event of a claim?

In the event of a loss, we will typically require the following items*:

  • 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

Instant quotations - cover and policy documents in minutes

Tailored all-risks cover from tool insurance experts

Flexible cover and monthly payments - just pay for the sections you need

Dedicated claims helpline and nationwide tool replacement service

Our Insurance Partner

Covermytools insurance policies are underwritten by Great American International Insurance DAC, 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.

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© Insync Insurance Solutions Ltd 2017 All rights reserved. Covermytools is a trading style of Insync Insurance Solutions Ltd which is authorised & regulated by the Financial Conduct Authority where our reference number is 766691. Our registered office is Midland House, 2 Poole Road, Bournemouth, Dorset BH2 5QY 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 | Terms of Business | Privacy Policy

 *In the event of a theft from a vehicle, excess will be doubled