Tools of Trade Insurance
Whether you’re a carpenter, an electrician, a plumber, a landscaper, a painter, or one of many other types of tradie, it’s all but impossible to work without the right toolkit.
That’s why it’s important for working tradies to find a long-term solution for protecting the essential tools that enable you to do what you do best. That’s why many busy tradie choose insurance to cover their essential tools of the trade.
What is tradie tool insurance?
Portable Equipment insurance covers you for loss and damage to items of portable equipment associated with your business. These can include tools of trade and items of stock. Portable Equipment is a cover option available through a Business Insurance Package.
Portable Equipment insurance is sometimes called General Property insurance or tools of trade insurance.
Cover for your tools and business equipment
Replacing broken or misplaced tools and equipment can be expensive. Portable Equipment insurance can help you repair or replace your tools of trade, as well as other items you rely on to run your business—smartphone, laptop, EFTPOS reader, and more.
Portable Equipment insurance policies can help business owners manage the risk of expensive, unplanned bills if their tools or equipment is damaged by events, such as:
- Fire, storm, water, or explosion
- Malicious and accidental damage
- Theft following forced or violent entry, and theft of equipment securely attached to a vehicle
- Vehicle collision or rollover
What is not covered?
- Gradual wear and tear
- Cracked, scratched or broken glass
- Mechanical, electronic or electrical breakdowns
- Damage caused by rust, mildew, mould, dry rot, insect and vermin, contamination, or pollution
- Employee theft or unexplained inventory shortages
Protecting tools kept in a workshop – Theft cover
If you work in a set premises and keep tools there, you may also want to consider Theft insurance.
Theft insurance covers you against loss and damage as a result of theft or attempted theft from your business premises. Damage to the building, locks and safes as a result of a covered event will also be covered. Theft insurance is another option that can be added to a Business Insurance Package.
Adding Theft insurance to your cover toolbox could be a wise move: Australian Bureau of Statistics data shows that tools accounted for 15% of all thefts reported during the 2022-23 financial year. Theft cover can help ensure that your tools and equipment are protected on your business premises.
Other types of insurance for tradespeople
Tradies may also wish to cover other parts of their business in addition to their tools and equipment.
BizCover offers a range of cover options for tradies, including:
Cover your tools of trade in minutes
When looking for affordable tradie tool insurance options in Australia, look no further than BizCover. Compare competitive quotes from a great range of trusted leading insurance partners online and get covered in as little as 10 minutes.
Compare quotes for your tradie business today.
This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording or Product Disclosure Statement (available on our website). Please consider whether the advice is suitable for you before proceeding with any purchase. Target Market Determination document is also available (as applicable). © 2025 BizCover Limited.
