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.
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.
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.
01200 309 516
Specialist Cover for all Types of Handheld Tools and/or Power Tools
Full All-Risks Cover
Theft from Unattended Vehicles or Buildings as Standard Includes Full Overnight Cover (No Additional Fees)
Sole Traders, Partnerships, LLP's & Limited Companies
Indemnity Levels from £1,000 to £25,000
Choice of Excess Options From as Low as £100
Wide Level of Cover via A-Rated Insurer Partner
FREE DataTag Power Tool Security Tagging System
FREE Tool Inventory Portal to Store and Manage Your Business Tools
Instant Quotations - Cover and policy Documents in Minutes
Flexible Cover & Monthly Payments - Just Pay for the Sections You Need
Expert Support from Business Insurance Experts
Specialist Claims Support & Tool Replacement Service
Personal - Digital Servicing and Your Own Dedicated Insurance Professional
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
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.
Insync Insurance Solutions Ltd
9 Albany Park, Cabot Lane
Poole, Dorset BH17 7BX
t. 01200 309516
© Insync Insurance Solutions Ltd 2021 All rights reserved. Insync Insurance Solutions Ltd is authorised & regulated by the Financial Conduct Authority where our reference number is 766691. Our registered office is 7th Floor, Corn Exchange, 55 Mark Lane, London, EC3R 7NE and we are registered in England under company number 08810662. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR | Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk | Privacy Notice | Terms Of Business