Tools & Equipment

Equipment Floater is property insurance covering equipment that is often moved from place to place (a form of inland marine insurance). This coverage protects your tools and equipment from such losses as tool theft, equipment breakage, misplaced or lost items, vandalism and damage to leased or rented equipment. Tools and equipment insurance is coverage for tools and equipment when they are away from your place of business, typically covering:

- Loss
- Theft
- Damage
- Vandalism

Example:
It’s going to be a long day. On the way to your first job site, you stop at a coffee shop to grab the biggest coffee they have. When you come back out to your work truck, the backseat window is broken and your toolbelt is gone. You’re on a tight deadline with this job as it is and you’re going to need all the tools in your belt or work can’t move forward.