TRADESMAN TOOL INSURANCE

WHAT IS TOOLS INSURANCE?  

Your tools are vital for getting the job done. But have you thought about what would happen if they were lost, stolen or damaged? Enter Rhino Trade Insurance with our outstanding tool insurance.

From blow torches to angle grinders, sanders to pressure washers. Whatever the tools of your trade, get them insured with Rhino today.

Our low-cost insurance cover for the tools of your trade means will mean you never have to worry about loss, theft and damage of your precious portable hand-held and powered tools.

Loss, damage or theft of tools are all very common in the UK and can throw a real spanner in the works when they happen to you. Tool theft, for example, happens every 23 minutes in the UK. That’s a lot of tradespeople unable to work until they can get their hands on a new set – which can cost them a fortune out of their own pocket.

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​What Does Tradesman Tool Insurance Cover?

Tradesman Tools Insurance from Rhino Trade Insurance will cover the cost of repair/replacement for your tools if they are lost, stolen or damaged whilst being loaded or unloaded, carried by, or temporarily kept in your vehicle. Unlike many tools policies, Rhino’s Tools in Transit insurance covers the tools being left in your van overnight (because who doesn’t do that?) as standard, not as a costly add-on.

Examples of What’s Covered by Tradesman Tool Insurance

Some examples of situations our insurance for tools would cover:

• Jake the electrician visits a friend for the night. He parks his van outside their house. Around 4am, someone forcibly gains entry to Jake’s van and steals his tools. Jake has Rhino’s tool insurance cover, so his tools are quickly replaced at no cost to Jake.
• Lisa the dog groomer is loading up her car after an appointment. Her equipment is taken while her back is turned. Lisa has Rhino’s Tools in Transit insurance – so she can relax.
• Gary the mechanic’s van is set alight by vandals while his van is parked within view of his house. The fire destroys his work tools. Gary took out tools cover with Rhino, so all is not lost.
• Ashley the joiner is in a minor accident in his work van. His tools are damaged as a result. Luckily, Ashley can call Rhino and claim the cost of repair or replacement.

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TOOL INSURANCE COVER SUMMARY

• Up to £10,000 cover for tool loss, damage or theft
• Cover for the cost of tool repair or replacement
• Overnight van storage permitted (subject to security conditions)
• Optional cover for multiple trades/business activities
• Instant cover with documents issued immediately
• Monthly or annual payment options
• UK telephone support six days a week

WHAT DOES TOOLS IN TRANSIT INSURANCE COVER?  

• Rhino will cover up to £10,000 for the cost of the repair, reinstatement or replacement of tools belonging to you or for which you are responsible if they are lost, destroyed or damaged while being kept in your work vehicle.
• We will also cover your tools if they are being loaded in or upon, carried by, or being unloaded from your work vehicle.
• Tools insurance will cover you if your tools are stolen while being kept in, or unloaded from, your work vehicle.
• If you lose your tools and are unable to retrieve them (with no suspicion of theft). 
• Cover includes damage to your tools from flood or fire-related damage while they’re in your vehicle.
• Overnight storage of tools in the vehicle is permitted, subject to security conditions, which include the requirement that the tools are locked in the boot, the vehicle is alarmed on the insured’s driveway or parked in a street fully visible from the window.
• Up to two claims in any 12-month period allowed under Rhino’s policy terms.

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What does Tools Insurance cost?

The cost of cover varies, but Rhino offers one of the most competitive Tools Insurance policies around.

It’s a small price to pay to know that if something happens to your tools, you won’t have to bear the cost of replacements yourself.

Claims excess starts at £150 per claim (not per tool!).

You can choose to pay in full for the next 12 months, or on a rolling monthly payment basis. Paying monthly is interest-free – there are no monthly penalties should you choose to spread the cost with Rhino.

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Will the replacement tools be high-quality?

Yes, absolutely. Rhino give our customers access to a full UK network of approved suppliers with tens of thousands of product lines, meaning you can get top-quality replacements for your tools.

What Types of Tools Are Covered?

So, what types of tools are covered under Rhino’s policy? 

If you use them every day, they’re portable, and you keep them either in your business premises, vehicle or on the job site itself, they’re likely to be covered.

This includes:

• Handheld tools, e.g. pliers, screwdrivers, hammers, wrenches, clamps, vices, saws, cutters, knives, spanners, flashlights, trowels, paintbrushes, rollers and hundreds more.
• Portable power tools, e.g. drills, sanders, angle grinders, electric saws, jigsaws, ratchets, nail guns, sanders, vacuum cleaners and hundreds more.

Under Rhino’s policy, you can keep your tools:

• At your business premises, in your vehicle or on site
• Left in a vehicle overnight, providing security conditions are met.

If you’ve got a whole fleet of company vehicles, remember that Tools in Transit cover works on a per-vehicle basis. If you need to cover more than one vehicle, you will need to purchase a policy for each vehicle to be covered.

For full terms and conditions of cover, please refer to the policy wording. This can be found at the bottom of this page. 

If you’d rather chat or ask something specific, chat to our friendly trade insurance experts at Rhino on 0116 243 7904 Mon – Fri 08.30 – 17.30 and Sat 10.00 – 14.00.

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How do claims work?

If you need to make a claim, it’s easy. You can do it by email, phone call or by First Class post. You should make your claim as soon as possible after the incident, and make sure to keep the following handy:

• Your policy number
• The time and date of the incident
• The receipt for your tools (emails are fine for online purchases)
• Police crime reference number, for cases of tool theft

You must also be sure to report tool theft to the Police within 48 hours of discovery.

All you have to do is follow our simple claims procedure which can be found on our Claims page.

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Importance of tool insurance for tradesmen

Tool insurance cover is so important because, as a tradesperson, your tools are your means of making a living. Without them, you can’t do a stroke of work. 

How likely is it your tools will be stolen or damaged? Unfortunately, it’s quite likely. As you will know, the nature of trade work means that things get damaged frequently, and tools are often first in the firing line simply because they get used so much.

Further, tool theft is on the rise in the UK. Keeping tools in your van overnight makes them even more of a target. But what tradesperson has time to ferry their entire kit into their home every night? Rhino only offers policies designed for the real world, so our tools cover allows you to store your tools in your van overnight.

Tradesman tool insurance is a key piece of business insurance that no tradesperson should be without. It gives you that peace of mind that if your tools were damaged or stolen, you wouldn’t have to foot the bill for a new set.

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Benefits of having tradesman tool insurance

The key benefit to having tool insurance in place is that if something happens to your kit, you don’t need to start panicking about how you’re going to shell out hundreds or thousands of pounds to replace everything. Even if you do have the ready cash, few tradespeople want to spend their hard-earned profits on replacing or repairing stolen, lost or damaged tools.

Plus, you get peace of mind. Just like with all insurance for tradesmen, tools insurance means that you don’t have to spend any time worrying about your tools and what might happen if they got nicked. The result is a relaxed and happy tradesperson!

Don’t lose valuable income if you fall victim to tool theft, loss or damage. Rhino’s Tools in Transit Insurance will have you sorted with the cash for a replacement set in no time, so you can get on with using them to earn your living.