Tools Insurance That Actually Works
Including overnight cover from locked vehicles and outbuildings.
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Specialist cover for your essential Tools
We understand just how important tools are to Electrical Contractors and we also realise that, without them, you may not be able to operate your business. be able to operate. CoverMyTools offers genuine peace of mind to business owners and tradesmen alike by providing comprehensive and cost-effective all-risk tool insurance. Premiums start from as little as £50 per year, including full overnight theft cover, with tools sums insured from £1,000 to £25,000.
All policies also include FREE Datatag Security Labelling system (RRP £49.99) and access to our FREE online tool inventory portal.
What is Tools Insurance?
The Covermytools insurance policy for tools provides all-risks protection for loss, damage or theft of hand tools and portable power tools in the UK or anywhere in the World for up to 30 days.
We can cover all of your business tools, up to a maximum of £25,000; with no limit to the value of any-one-item. *
*Maximum of £15,000 per individual vehicle applies.
What does the policy cover?
We absolutely recognize that many traditional insurance policies for tools exclude some of the most obvious risks. That’s why we developed our own exclusive scheme providing full cover for theft from unattended motor vehicles or a locked store or building.
The CoverMyTools policy provides cover for all types of hand-operated tools and power tools, from drills to angle grinders, belt sanders to chainsaws! Simply select the total replacement value of your tools and we can provide instant cover for up to £25,000 per policy.
Cover applies 24 hours a day, 365 days a Year, including FULL OVERNIGHT cover.
As you would expect, we do require the vehicle or building to be locked, with keys removed for cover to apply.
What Is Datatag Security?
Covermytools has teamed-up with the UKs leading provider of forensic security products, Datatag Security, to provide ALL policyholders with a FREE Datatag labelling and security marking system.
Datatag is the No.1 Theft Deterrent for Powertools, providing your tools with unique tamper-proof labelling and Datadot markings, allowing simply tracking by law enforcement, significantly reducing the ability for a thief to sell on stolen item(s), meaning they’ll usually keep looking for an easier target!
In addition to the FREE Datatag System, CoverMyTools policyholders all receive access to a free online portal where you can maintain a full inventory of your tools. In the unfortunate event that a claim does occur, you can simply download an extract of your inventory to provide to the police – no more searching through shoe boxes looking for receipts!
The FREE Datatag Tool Security system for CoverMyTools policyholders includes:
- 4 x Tamper Evident Power Tool Labels with Unique ID Code
- Datadot Unique ID Tagging System (can be used for 100’s of tools)
- 50 x Smaller Circular Warning Stickers
- 2 x Van Warning Decal Signs
- 1 x Registration Card
- FREE Secure Inventory System to Log all of Your Insured Tools
How are Claims paid?
Claims are dealt with on a new-for-old basis. All tools need to be registered on the Datatag Inventory Portal within 14 days of incepting your policy; allowing simple highlighting of lost devices in event of a theft.
Claims can be logged 24/7 via our Claims Portal.
Our Multilingual claims team will manage your claim and arrange for the replacement of any lost items via our specialist tool replacement service. In the event that your specific item cannot be replaced like-for-like, you will be offered a similar replacement and/or a voucher/cash settlement.
Why choose insync for Tools Security insurance?
In today’s digital world, business has evolved, so why hasn’t your insurance broker?
We’re one of the UK’s fastest-growing insurance providers, offering exclusive schemes and facilities for businesses throughout the UK.
Say goodbye to one-size-fits-all business policies that have you paying for extras you don’t need and the slow, outdated and inefficient way business insurance is traditionally arranged!