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Shielding your Tools: Why Tradespeople Need Tool Insurance

Rhino Trade Insurance 13 September 2023

As a tradesperson, your tools are essential to your success. Whether it's a carpenter's trusty saw, an electrician's precise multimeter, or a plumber's essential wrench, these tools are key to you earning your living. However, the risk of loss, damage, or theft to these valuable items is always there,

This is where Tool Insurance comes in. Rhino can help you protect your assets - read on to find out more.

Tools are a Costly Investment:

Tradespeople rely on their tools to do a good job and deliver exceptional results. Acquiring a full set of tools can represent a significant investment, often amounting to thousands of pounds of kit. 

Tool Insurance from Rhino safeguards this investment by covering the cost of repairing or replacing damaged or stolen tools.

How insurance can help protect your business

Protection against loss or damage: 

Accidents can happen, and tools can get lost, damaged, or stolen. Without Tool Insurance, the cost of replacing or repairing these tools falls squarely on the tradesperson's shoulders. 

Tool Insurance provides financial protection, ensuring that tradespeople can quickly replace their tools without having to pay out of pocket. This cover is especially crucial for expensive or specialised tools that are essential to your trade.

With Rhino, you can protect your tools up to £7,500

Protection against theft: 

Tradespeople often carry their tools to various job sites, making them susceptible to theft. Tool theft is, unfortunately, a common occurrence across the UK, with millions of pounds worth of gear being stolen every year. 

Losing a set of tools due to theft can be devastating for tradespeople, both financially and professionally. Tool Insurance offers protection for stolen tools, enabling tradespeople to recover their losses and get back to their work without any financial setbacks.

Cover for accidental damage: 

Accidents are an inherent part of any trade. Tools can be accidentally damaged, whether it's dropping a tool from a height, accidentally causing damage during a project, or an unforeseen event like a fire or water damage. Repairing or replacing these tools can be costly and eat into profits.

With Tool Insurance, tradespeople have the assurance that such accidental damage is covered, reducing their financial burden and allowing them to focus on their work.

Why protection benefits your trade business

Business continuity: 

For tradespeople, their tools are not just tools; they are the means of their livelihood. If their tools are lost, damaged, or stolen, their ability to work and complete projects on time is disrupted. This can result in significant financial losses, missed deadlines, and damage to their reputation. 

Tool Insurance helps mitigate these risks by providing quick and efficient replacement or repair services. It allows tradespeople to resume their work promptly, minimising downtime and ensuring business continuity.

Peace of Mind:

Running a trade-based business can be inherently stressful. From managing projects and client expectations to ensuring work quality and safety, tradespeople carry a heavy load of responsibilities. 

Tool Insurance provides peace of mind by removing the worry associated with potential tool loss, damage, or theft. With insurance protection in place, tradespeople can focus on their craft, knowing that they are protected from unforeseen circumstances that could jeopardise their livelihood.

Find out more about tool insurance and the benefits of our other types of trade cover by reading our helpful blog here

Why Choose Rhino Trade Insurance?

Tradespeople are the backbone of our society. However, that doesn't stop accidents from happening or thieves from pouncing! You, therefore, must protect your tools to ensure you can continue working even if trouble strikes.

Tool Insurance is a shielf, safeguarding tradespeople from the financial burden of tool loss, damage, or theft. It provides peace of mind, mitigates business interruptions, and ensures that tradespeople can continue to deliver their craft with confidence. 

As the old saying goes, "A tradesman/woman is only as good as their tools." With Tool Insurance, you can rest assured that your tools will remain in your hands, ready to shape your next project!

Unlike other insurers, we don't need your entire life history to provide a quote. We need a few minor details and give you a price in a matter of seconds. Call our trade professionals in the UK at 0116 243 7904 for a chat and to get any questions answered, or visit our online, market-leading quote engine here.

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