Your tools and equipment play a critical role in running your business. Theft, damage, or loss can disrupt operations and lead to unexpected costs. Tools are commonly targeted on building sites and can be damaged even when security measures are in place.

You can insure tools and equipment in a few different ways. The right option depends on how you use them and how your insurance is structured.

You can insure tools under a Contract Works Insurance policy. This is usually done through an optional tools and equipment section. This option works well when tools are used on active construction sites and move between projects.

You can also insure tools under a standalone General Property Insurance policy. This option suits high-value tools, specialised items, or equipment used across multiple sites and clients.

It is important to understand the difference between tools and plant and equipment. Tools are usually smaller, portable items such as drills, saws, nail guns, or testing equipment. Plant and equipment refers to larger machinery such as excavators, forklifts, loaders, or other powered equipment. Insurers usually cover plant and equipment under separate policies or sections.

The best structure depends on several factors. These include the value of your tools, how often they move, where you store them, and how many sites you work on. Many policies include security conditions or storage requirements that you need to follow.

We can help you review the tools and equipment you use. This includes high-value or specialised items. We can then recommend the most suitable type of cover for your situation. If you would like help insuring your tools or understanding how Contract Works or General Property Insurance applies, contact the team at Webber Insurance.