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**
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.
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 insured person.
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.
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
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
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.
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
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.
9 Albany Park, Cabot Lane, Poole, Dorset, BH17 7BX
t. +44 (0)330 100 0450
*In the event of a theft from a vehicle, excess will be doubled
** Maximum of £15,000 per individual vehicle applies