Get a Quote

Please enable JavaScript in your browser to complete this form.
a person holding a power drill

Protecting Your Tools, Machinery & Equipment as a Tradie

Carpenters & cabinet makers insurance. As someone in the trades business or working as a contractor, it is important to protect your business and yourself against the many risks in the industry.

Tradie Insurance that is commonly considered includes Public and Products Liability Insurance and Injury & Illness Insurance. While Public Liability cover protects you against claims that you are liable for injury or damage to others and their property, Injury & Illness cover protects you in the event that your ability to work is impacted by sickness or accident.

Aside from protecting yourself, your belongings and equipment that you work with are the next most important elements to cover.

If something were to happen to your tools or equipment as a sole trader or small business, this could leave you at a great financial loss if they need to be replaced or fixed. You would also be at a loss if you are found unable to continue working or not able to work at full capacity until the tools were replaced or fixed. To ensure you are able to get back on your feet and continue working as soon as possible, it is crucial that you take steps to protect your tools.

Essential Tradie Insurance to protect tools and equipment

Types of cover that you should consider for tools, machinery and equipment include Tradie Tools Insurance, Plant & Machinery Insurance and Commercial Motor Insurance. Learn more about these classes and the importance of each below:

1. Tradies Tools Insurance

Tools Insurance includes cover for the loss, damage or theft of hand tools and power tools. For apprentices, handymen, gardeners, mechanics and anyone else who relies on tools within their business, this form of insurance is a must.

Good Tradie Insurance for Tools will protect against theft or damage of tools, not be limited to one item, offer competitive premiums, and arrange fast repayment or replacement to ensure you can continue working or receive compensation as soon as possible.

2. Plant & Machinery Insurance

For tradies who own plants or machinery such as excavators, bobcats, skid steers or forklifts, there are a range of policies available to cover these items for theft, damage or third party liability.

3. Commercial Motor Insurance

This insurance class covers either a single commercial motor or a fleet of vehicles used to carry out your business activity. This provides protection for your vehicles against loss or third party damage. The policy can be extended to cover a range of benefits including windscreen replacement with nil excess or hire vehicle following an accident, to ensure your commercial vehicles are supported.

How to best protect tools from theft

1. Lock tools away

Whether tools are usually kept in a truck, garage or on site, it is vital to lock them up and store them elsewhere when finished with their use. When stored in a locked, heavy-duty toolbox, thieves will be deterred. It may be wise to also install a motion-activated alarm that sounds an alarm when the toolbox is moved.

At home, tools should be kept in a tamper-proof storage cabinet with a heavy-duty lock. A secure garage is a good location for this storage.

2. Mark your tools

Tools should be engraved or marked with any identification details such as your name and driver’s licence number. This will discourage theft, make it more difficult for thieves to sell them to others and make it more likely for the tools to be recovered.

3. Secure any storage areas

Whether tools are kept in a vehicle, home or warehouse, the area should be secured appropriately. Cars or vehicles can be better protected with alarm systems, wheel locks and more. Investing in security systems for your tool storage are can save a lot of time and money down the track.

Protect your equipment with Atlantic Insurance

The experienced team at Atlantic Insurance has been accommodating for the varied Insurance needs of those within the trades industry for 25 years. With competitive premiums, interest-free monthly premiums in some cases, and access to a wide range of products and insurers with often no paperwork required, Atlantic can help you to select the most appropriate policies with a wide range of cover.

Any information contained on this page of the website is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Your should consider these, having regard to the appropriateness of this advice and the relevant Product Disclosure Statement (‘PDS’), Target Market Determination (‘TMD’) and Financial Services Guide (‘FSG’), which will be provided following any formal recommendation to you.

Get a Quote

Please enable JavaScript in your browser to complete this form.