Tools of Trade and Portable Equipment Insurance
Tools of Trade and Portable Equipment Insurance contains policies which cover tools from accidental damage and theft from locked vehicle or premises to avoid lengthy work stoppages and expensive replacement. Cover for Tools of Trade and Portable Equipment also includes ‘Static Cover’.
Tools of Trade and Portable Equipment Cover:
- Accidental Damage
- New for Old
- Static Cover
- Tools of Trade and Equipment covered (example below):
- General Hand Tools
- Hand tools
- Mobile Phones
- Laser levels
- Lawn mowers
- Pipe inspection equipment
- Power tools
GENERAL PROPERTY & TOOLS OF TRADE
No matter what job site you’re on, or where you are, you will know your tools are covered.
The policy provides cover against loss, destruction or damage to general property and tools of trade, caused by any of the following events;
- Fire, theft, malicious damage, and perils
- Accidental image
- Water from or action by the sea, tsunami, tidal wave, high water and flood
- Mechanical, hydraulic, electrical or electronic breakdown, failure, malfunction or derangement of any machine or electrical or electronic device
- Burglary – theft or attempted theft
- Fire and lightening
- Flood – water escape of liquid or been released from a lake, river creek, reservoir, canal or dam.
- Malicious damage – damage to property caused by malicious persons.
- Perils – Physical loss or destruction or damage to property caused by:
earthquake, storm or impact by: vehicles designed primarily for use on land or animals.
Product Disclosure Statement
A Product Disclosure Statement (PDS) is available for Tools of Trade and Portable Equipment Insurance and can be obtained from Palandri Insurances.
You should consider the PDS in deciding whether to acquire, or continue to hold, Tools of Trade and Portable Equipment Insurance.
Speak to Palandri Insurances
Calculating the amount of cover you’ll need can be complex, so it’s important to seek advice to help you get it right.
Steadfast insurance brokers are part of the largest general insurance broker network in Australasia, with specialists who can help you with your home and contents insurance needs.
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