Keep your Business Running Smoothly
Tools & Equipment
Our coverage
We are committed to equipping service providers with the best tools to ensure efficiency, reliability, and success
Essential Coverage for Your Tools and Equipment
Comprehensive Coverage:
Protects a wide array of tools and equipment, from small hand tools to large machinery, against theft, loss, and accidental damage.
In-Transit and On-Site Protection:
Ensures tools and equipment are covered both while being transported and when in use on the job site, providing all-encompassing security.
Replacement Cost Value:
Offers coverage based on the replacement cost, allowing for the purchase of new items of similar kind and quality without considering depreciation.
Customizable Policies:
Allows for either scheduled coverage for specific high-value items or blanket coverage for a general list of tools and equipment, tailored to your business needs.
Leased or Rented Equipment Coverage:
Extends protection to include equipment that is leased or rented, ensuring that all tools vital to your operations, regardless of ownership status, are safeguarded.
Wanna know more?
Reach out to us today to experience personalized service and comprehensive coverage tailored to your needs.
Visit Us
4475 US-1 Suite Unit 301,
St. Augustine, FL
32086, United States
Mail Us
Team@litespeedins.com
Call Us
+1 954-710-8121
Send us a message
We’re dedicated to blending speed with integrity, always keeping your business’s growth front and center. Our goal is to empower your success at every turn.
Who needs Tools & Equipment Insurance?
Any business that relies on tools, equipment, or machinery for daily operations should have coverage, including:
Contractors & Subcontractors (roofers, electricians, plumbers, carpenters)
Construction Companies
Landscapers & Tree Service Professionals
HVAC & Mechanical Contractors
What types of risks are covered?
Theft – Stolen tools from a job site, truck, or storage area
Accidental damage – Dropped or broken equipment
Fire & vandalism – Damage caused by fire or intentional destruction
Weather-related damage – Storms, hail, or flooding affecting tools
What is NOT covered by Tools & Equipment Insurance?
Wear and tear – Normal aging of tools
Rust or corrosion – Gradual deterioration
Employee theft – Some policies exclude coverage unless specifically added
Theft from an unlocked vehicle – Many policies require proper security
How much does Tools & Equipment Insurance cost?
Costs depend on:
- Type and value of tools/equipment
- Coverage limits and deductibles
- Industry risk level
Policies often start at $300–$1,500 per year, but high-value equipment requires higher coverage.
Does this insurance cover rented or borrowed tools?
Yes, if the policy includes rented or leased equipment coverage. Some rental companies require contractors to have their own coverage.
Does General Liability Insurance cover tools and equipment?
No, General Liability covers third-party property damage and injuries, but it does not cover your own tools or equipment. Tools & Equipment Insurance is needed for that.
How do I file a claim for stolen or damaged tools?
Report the theft or damage immediately (police report required for theft).
Document the loss with receipts, photos, and serial numbers.
Submit a claim to your insurance provider.
Work with adjusters to assess coverage and receive compensation.
Can I bundle Tools & Equipment Insurance with other policies?
Yes! Many contractors bundle it with:
General Liability Insurance
Commercial Auto Insurance (for tools stored in vehicles)
Builder’s Risk Insurance (for job-site coverage)
