subject: Protect Your Tools With Tradesman Tools Insurance [print this page] When you work for yourself, one amongst the most important assets that you have are your tools. This is often particularly true when you work in the trade, and want those tools to do the work that you're contracted for. Every person who works in the construction trade desires to take out tradesman tools insurance in order to prevent the cost of paying for repairs or replacements falling back into their own laps. Even if you just have a few basic tools, you might still want to take out tradesman tools insurance in order to protect them.
Several trades' people take out individual insurance, like plasterer's insurance, and think that this is enough to protect them from any loss or damage. However, the incidents of robbery from trucks and vans are now on the rise, and additional building sites are also being attacked by thieves and vandals. Because these items are not on your own land, the insurers could argue that you have not taken proper procedures to guard your tools, and this could prevent payment. By having a specific insurance, such as tradesman tools insurance, you're actually protecting yourself against that loss, irrespective of where it happens.
In most cases, self-employed tradesmen have sunk their income back into good tools and accessories, hoping that this will make the work quicker and smoother, permitting them to have more contracts. However, because the tools are often worth more than the other areas of the work, their loss can be a heavy blow. Even the failure of a tool through electrical faults can bring the entire job to a grinding halt. The best answer to this drawback is to take out a tradesman tools insurance policy, so that even if you only need to take the tools to be repaired, you may still afford to do so devoid of risking the business.
As well as a full tradesman tools insurance document, you should even try and take out at least van contents cover, to guard you in case your tools are stolen while you are at work. Be sure that you take a photograph of everything in your van, showing where they are kept, and include this within the insurance document. This can aid to establish that you keep many of your tools in the van if you should ever want to report a theft.
You may organize the contents cover through your personal insurance provider, but as you will also need a particular tools insurance policy, you should discuss the matter with someone who is used to providing cover for tradesmen.
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