Tools & Equipment insurance

Tools & Equipment Insurance

Tailored for contractors and cleaning businesses with General Liability insurance

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What is Tools and Equipment insurance?

Your tools and equipment are essential to running your business. If they are stolen, lost or damaged, this coverage will get you back to work fast by paying for replacements or repairs.

Make sure your gear is protected all the time, everywhere — including in your vehicle, stored in a trailer or at a job site.

Tools and equipment insurance is available as an add-on to our general liability insurance for contractors and cleaning businesses.

If you’re ready to move forward, you can start a tools and equipment insurance quote today and review your options online in about 10 minutes.

Otherwise, continue reading to learn more about the benefits of having this insurance.

Who needs Tools and Equipment insurance?

If you’re a general contractor, cleaner or a landscaper, you probably have equipment you take with you to different locations to do your job. Without the right insurance, you would have to pay entirely out of pocket to replace or repair your gear.

Contractor professions that benefit from tools and equipment insurance include:

  • Landscaping
  • Construction
  • Cleaning businesses
  • Contractors
  • Plumbers
  • HVAC
  • Janitorial services
  • Electricians
  • Carpenters
  • Concrete and cement

Tools and equipment covered include gear, such as sanding power tools, saws, laser levels, dust-control systems, ladders and workbenches, power drills, blowtorches, CNC router, oscillating multi-tool, concrete moisture meter, stand lights, hearing protection, helmets and safety gear, power tubing cutter and more.


How much does Tools and Equipment insurance cost?

Tools and equipment insurance is offered as an addition to our general liability insurance policy. Simply select the coverage level that’s right for your business when you apply for a quote online.

Basic tools and equipment coverage can start at $12.50 a month. A Pro policy starts at $24.20 a month or choose a Pro Plus policy for $45 a month.

Why is Tools and Equipment coverage important?

Your tools and equipment coverage can pay the costs for repairing or replacing equipment up to your policy limit. Here are a few examples of situations where you’ll be covered:

Your equipment is stolen from a trailer

You’re working on the road, and staying at a local motel during the job. Some scoundrel breaks into the trailer you’re towing and takes all of your tools in the middle of the night.

Your tools are stolen from a job site

It’s Friday, and you’re feeling fancy, so you take the crew out for a long lunch break. When you get back, you’re ready for a food coma but instead, you realize your on-site shed was broken into. A generator and half of your specialty tools are missing.

Someone damages your equipment

Your employee got sloppy and accidentally punctured your air compressor. You’ll need to get a replacement before you can continue your project.


What does Tools and Equipment insurance cover?

Tools and equipment insurance can provide financial help for repair and replacement costs. For example:

Equipment owned by you

Your generator is stolen from your storage space and you need a replacement.

Employee tools and clothing

Your employee’s electric power tools are damaged by a leak at a job site and need to be replaced.

Borrowed equipment

A compressor that you borrowed from another contractor explodes and needs to be replaced. (Note: This coverage is not offered with our basic coverage. Select Pro or Pro Plus.)

What does Tools and Equipment insurance not cover?

There are certain instances where tools and equipment insurance won’t provide coverage, including:

Corrosion, rust or wear and tear

Your power cutter has been with you from the beginning, but it’s rusted to the point that it is no longer usable. Because the damage is related to the rust, it wouldn’t be covered by your policy.

Equipment you rent from someone else

You need a wood chipper for a last-minute landscaping job at a local university. Your Next Insurance policy won’t cover rentals, so you might want to opt for rental insurance from the company where you rent the chipper.

Tools and Equipment insurance vs. General Liability insurance

Your tools and equipment coverage is an add-on to the general liability insurance policy that Next Insurance offers. If you only have general liability coverage, you’ll be protected from expenses related to injuries to other people or damage to property that belongs to someone else, but your own tools and equipment would not be covered.

Select tools and equipment insurance when you start an instant quote for your business.

How Next Insurance helps small businesses

Next Insurance is 100% dedicated to small businesses and self-employed workers. Our online services are streamlined, painless and backed by a team of licensed insurance advisors that can help you at every step of the way.

Start an instant quote today to review options for your business. You can purchase a policy and have a digital certificate of insurance in about 10 minutes.


What is the Live Certificate?
The Live Certificate is the digital alternative to paper/downloaded Certificates of Insurance. It’s completely online proof of insurance which you can easily and instantly share with anyone, by email or through a link.
Who is Next Insurance?
We're a group of designers, engineers, and insurance geeks based in Palo Alto, California. We want to use our deep industry experience at companies including Intuit, American Express, PayPal, Check, and Oracle to transform insurance for small businesses. We're an insurance agency licensed in all 50 states.
What does Live Certificate cost?
It’s free to all Next Insurance customers. It’s also unlimited; send as many Live Certificates as you need, anytime.
Can I add an additional insured to my Live Certificate?
Yes! When you click "Share Proof of Insurance" from within the customer portal, you'll be asked if you need a general proof of insurance or one with a venue or client as additional insured. As soon as you input the details of the additional insured you're adding, you can add their email address and we'll send them over the certificate for you.
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