Smart & Easy Tools and Equipment Insurance Protection for Contractors

Your tools and equipment represent thousands of dollars in investment and your ability to earn a living. With construction tool theft costing the industry between $300 million and $1 billion annually, and 83% of contractors experiencing theft, protecting these essential assets isn't optional—it's smart business.

The Allen Thomas Group makes tools and equipment insurance simple and affordable. We've helped contractors across over 20 states secure comprehensive coverage that protects their tools, equipment, and peace of mind for more than 20 years.

What Tools and Equipment Insurance Covers for Your Business

Inland marine insurance for contractors covers your valuable tools and equipment wherever work takes you. Unlike standard commercial property insurance that only protects items at a fixed location, our tools and equipment coverage travels with you to every job site.

Comprehensive Protection Against Real Risks

Theft Protection: Whether tools are stolen from your truck, storage unit, or job site, you're covered. With only 15-25% of stolen construction equipment ever recovered, replacement coverage becomes essential for business continuity.

Damage Coverage: Accidents happen on job sites. If your power tools are damaged in transit, dropped, or caught in weather events, we help you repair or replace them quickly to minimize downtime.

Fire and Natural Disaster Coverage: Protect against unexpected events like fires, storms, or flooding that can destroy your equipment investment overnight.

Vandalism Protection: Job sites are vulnerable to vandalism, especially in high-traffic areas. Our coverage includes repair or replacement costs for deliberately damaged equipment.

Equipment We Protect

Hand Tools and Power Tools: Drills, saws, nail guns, grinders, measuring devices, and specialty hand tools essential for your trade.

Heavy Equipment and Machinery: Generators, air compressors, welders, concrete mixers, and other valuable machinery under $10,000 per item.

Contractor Vehicles and Trailers: Mobile equipment, work trucks, and trailers used to transport tools to job sites.

Rented and Leased Equipment: Coverage extends to equipment you rent for specific projects, protecting you from liability for damaged rental items.

Why Construction and Contractor Businesses Choose Our Coverage

Local Expertise, National Reach

As an Akron, Ohio-based agency, we understand the specific challenges contractors face in our region while offering protection across more than 20 states. We know local job site risks, seasonal patterns, and the equipment contractors rely on most.

Smart & Easy Claims Process

When theft or damage occurs, time matters. Our streamlined claims process gets you back to work faster with:

• 24/7 claim reporting

• Direct communication with adjusters who understand contractor needs

• Fast claim resolution to minimize business interruption

• Replacement cost coverage that reflects current equipment prices, not depreciated values

Flexible Coverage Limits

Choose coverage limits that match your equipment value, from $5,000 to $50,000+ per occurrence. Our risk assessment helps determine appropriate deductibles that balance premium costs with out-of-pocket expenses.

Personalized Service That Works

We build relationships with our clients, taking time to understand your specific tools, job sites, and risk exposures. This personalized approach ensures you get comprehensive protection without paying for unnecessary coverage.

Coverage Options Tailored for Your Business

Standard Inland Marine Insurance

Scheduled Equipment Coverage: List specific high-value items with individual coverage limits. Perfect for expensive specialty tools and equipment.

Blanket Coverage: Protect all eligible tools and equipment under one total limit. Ideal for contractors with varied tool inventories.

Enhanced Protection Add-Ons

Business Interruption Insurance: Coverage for lost income when equipment theft or damage prevents you from completing projects on schedule.

Rental Reimbursement: Pay for temporary equipment rentals while your damaged tools are being repaired or replaced.

Newly Acquired Equipment: Automatic coverage for new tool purchases, ensuring immediate protection without policy updates.

Integration with Existing Coverage

Business Owner's Policy (BOP): Add tools and equipment coverage to your existing general liability insurance and commercial property insurance for comprehensive protection.

Fleet Insurance: Coordinate with your commercial auto insurance to ensure seamless coverage between vehicle and equipment protection.

Workers' Compensation Insurance: Ensure your coverage works together when employee tool use intersects with workplace safety requirements.

Understanding Policy Exclusions and Risk Management

What's Not Covered

Normal Wear and Tear: Routine maintenance and equipment deterioration from regular use aren't covered by equipment breakdown insurance.

Employee Theft: Internal theft by your own employees typically requires separate commercial crime insurance.

Personal Use: Tools used for non-business purposes may not be covered under commercial policies.

Smart Risk Management Strategies

Security Best Practices: Lock vehicles, secure job sites, and mark equipment with identification to deter theft and aid recovery.

Equipment Inventory: Maintain detailed records with serial numbers, photos, and purchase receipts to expedite claims.

Regular Policy Review: Update coverage as your equipment inventory grows or changes to ensure adequate protection.