INSURANCE FOR
BUSINESS STRATEGIES FOR
What Equipment & Tools Insurance Protects
For contractors, tradespeople, service providers, and many other industries, equipment and tools are the backbone of daily operations. Equipment & Tools Insurance helps protect your:
✓ Hand tools
✓ Power tools
✓ Mobile equipment
✓ Jobsite machinery
✓ Specialized equipment
✓ Borrowed or rented tools
✓ Revenue and project timelines
Whether equipment is stored onsite, in a vehicle, or transported between jobs, this coverage ensures that stolen, lost, or damaged tools don’t bring your business to a halt.
Equipment & Tools Insurance typically covers:
Theft
Covers stolen tools or equipment taken from job sites, vehicles, shops, or storage areas.
Accidental Damage
Protection when tools are dropped, broken, or otherwise damaged during normal operations.
Vandalism
Coverage for intentional damage to your tools or equipment.
Transit Coverage
Protects tools while being transported between locations or job sites.
Rented or Borrowed Equipment
Extension options to cover equipment you temporarily lease or borrow for a job.
Note: This coverage is often provided under an Inland Marine or Contractors Equipment policy—not standard property insurance—because tools frequently move from site to site.
Why Equipment & Tools Insurance Isn’t Optional
Tool and equipment losses delay projects, increase expenses, and disrupt operations. Common risks include:
Jobsite theft
Break-ins involving work trucks or trailers
Dropped or damaged tools
Weather exposure
Fire or smoke damage
Loss during transport
Vandalism
Replacing tools out-of-pocket can quickly become expensive—especially for specialized equipment or full crews.
Equipment & Tools Insurance keeps your team working and your projects moving.
How We Match You With the Right Policy
Every carrier evaluates risk differently. We guide you through:
Industry classification
Employee exposure
Risk factors
Operations and service areas
Contract requirements
Loss history
Coverage limits and endorsements
Then we shop multiple top-rated carriers to compare pricing and coverage options.
As CEPA-informed advisors, we also ensure your liability structure supports your broader business goals, cash flow, and long-term value.
Why Businesses Trust Wasatch Preferred
Fast Certificates
COIs delivered quickly so you never miss a job or delay operations.
Competitive Carrier Access
We represent top carriers across Utah, giving you more choice and stronger options.
Clear Guidance
We simplify the process so you understand your policy—and your protection.
Strategic Insight
Insurance isn’t just a requirement—it’s a financial safeguard. We help ensure your coverage aligns with your business performance and future goals.
Get a General Liability Quote
Whether you’ve had coverage for years or are getting your first policy, we make the
process simple and fast.
Insurance products are offered through Wasatch Preferred.
Coverage availability and eligibility vary by carrier and state.
CEPA advisory services are provided in a non-fiduciary,
non-investment advisory capacity and do not include legal,
tax, or investment advice.
Insurance services are provided by properly licensed agents.
License information is available upon request and varies by state.
Insurance products are offered through Wasatch Preferred.
Coverage availability and eligibility vary by carrier and state.
CEPA advisory services are provided in a non-fiduciary,
non-investment advisory capacity and do not include legal,
tax, or investment advice.
Insurance services are provided by properly licensed agents.