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What is Portable Equipment cover?
Portal Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable equipment associated with your business. These can include repairing or replacing tools of trade and items of stock.

What does Portable Equipment cover?
Fire, storm, water, explosion, impact or malicious damage
Collision or overturning of the conveying vehicle
Accidental damage
Theft following forcible and violent entry
Theft of equipment securely attached to a vehicle
Photographic equipment, Tools, Mobile Communication and Electronic Devices
- Wear, tear or gradually developing conditions
- Compensation for personal injury where cover is provided by the ACC
- Heating, drying, cleaning, dyeing or alteration to any insured item
- Theft by employees
- Vehicles and trailers
- Mechanical, electronic, or electrical breakdowns
- Cracking, scratching, marring or breakage of glass
- Rust, oxidation, mildew, mould, moths, insects, vermin, dry rot, contamination or pollution
- Faulty materials or workmanship
- Unexplained inventory shortage
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How much does Portable Equipment cover cost?
Portable Equipment cover costs can vary as every business is unique.
The cost of a policy varies based on your industry, occupation, type of equipment and other factors.
How is the cost of insurance calculated?
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Get cover that works with the risks of your business
You can select from different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Type of equipment used
Total cost of your equipment
Your industry occupation
Frequency of usage
Worst case scenario claim size
Click here to check industry wise average prices
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select from different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Type of equipment used
Total cost of your equipment
Your industry or occupation
Frequency of usage
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
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See how much others have saved while purchasing policy through BizCover
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Specified portable equipment can include items such as:
- Mobile plants
- Photographic or video equipment
- Mobile communication equipment, including telephones and radios
- Electronic equipment, including computers, diaries, GPS units
- Accessories for the items listed above
If you have tools or equipment that you bring with you from site to site, then General Property insurance (also known as Portable Equipment cover) is worth considering. It covers you for the loss, theft and damage of your portable tools and equipment that you need to carry out your work.
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