Learn About Tool Insurance & Get Tools Insurance Quotes in Minutes
🛡️ Great Tools of Trade insurance Coverage at Great Prices – No Dramas!
Our Top Categories
.png)
✅ No Hidden Fees
✅ Quick and Easy, Hassle Free Process
✅ Compare Top Insurers Quotes
✅ Tailored for Tradies
✅ Save Time and Money - Get The Best Deal
Tradiespace and BizCover have teamed up to simplify insurance for tradies, offering tailored coverage quickly and affordably, all in one place.
Get Started in 3 Easy Steps!
Share Your Trade Insurance Needs
Answer a few simple questions about your business and yourself. From there we will do the rest, providing you with instant quotes right on screen. Simple, huh?
Compare the Best Options
We’ll connect you with top-rated insurance providers offering policies tailored to your trade. Easily compare coverage and pricing in one place.
Get Covered & Save
Choose your preferred policy and enjoy exclusive pre-negotiated insurance tradies need. With Tradiespace you great coverage at top prices. No upsells, no BS - just keeping it simple and saving you money.
From beginning to end the whole process takes ten minutes!
Local Builder Troydon Saved
Insurance Solutions Designed For Tradesmen & Tradeswomen
Tradiespace & Bizcover have sourced Australia’s insurance options for tradies that have:
📈 A Proven Track Record
🏆 Excellent Outcomes for Tradies
🔍 Unique Offerings & Discounts
What Tradies Say About Tradiespace x BizCover Insurance
Tradies love using tradiespace to find & connect with trusted trades services & products
Matt – Northern Region, NSW
As a sole trader, Bizcover have provided quick, effective and appropriate business insurance for me for the last 3 years. I tried several other firms that were too pushy and/or didn't offer the cover that I wanted.
John P – Sydney, NSW
Needed reliable insurance fast when all the other providers were giving me the run around. BizCover already had a product on hand that covered everything I wanted in my trade including legal cover.
Darren – South East Queensland, QLD
Good UX/UI website, easy to navigate, select appropriate cover, answer a few targeted/relevant questions, pay, insurance certificate in your inbox in minutes. Does exactly what it says on the box.
Tool Insurance: Protecting Your Tools, Your Business, and Your Livelihood
As a tradie, your tools are not just equipment; they’re an essential part of your trade. From carpenters to electricians, plumbers to landscapers, tools represent a significant investment. Without them, completing your job—and earning an income—is near impossible. This is where tool insurance comes in. Designed specifically to protect the tools of your trade, this coverage ensures that if your tools are damaged, lost, or stolen, you’re not left unable to work.
At Tradiespace, we’ve partnered with BizCover to make securing tools insurance easy, affordable, and tailored to the needs of Australian tradies. With a range of policies from top Australian insurers, we help ensure you’re covered when it matters most.
Featured On:
Stuck? Our Experts Are Here to Help!
Got a question? Leave your details and our Trades Experts who have helped thousands of tradies, will assist you - no strings attached! (it’s free) We connect you with the right people to solve your issue.
Connect NowWhat is Tool Insurance?
Tool insurance, often referred to as tools of trade insurance, is a policy that provides financial protection for tradies’ tools and portable equipment. Whether through theft, accidental damage, or loss, tool insurance helps you replace or repair essential items without digging into your savings.
With tradies relying on their tools daily, unexpected loss or damage can lead to downtime, missed jobs, and lost income. By securing tool insurance for tradies, you safeguard your livelihood.
Why Do Tradies Need Tools Insurance?
Losing or damaging tools is more than an inconvenience—it’s a financial risk. The cost of replacing essential equipment can add up quickly, especially for specialised or high-value tools. Moreover, many tradies are subcontractors or self-employed, meaning they’re solely responsible for their tools’ security.
Key reasons to consider trade tools insurance include:
- Protection Against Theft: Tradies often store tools in vehicles or job sites, making them a target for theft.
- Accidental Damage: Tools endure tough conditions and are vulnerable to wear, tear, or accidental damage.
- Financial Security: Replacing tools out-of-pocket can be costly. Insurance ensures quick replacement without financial strain.
- Work Continuity: With tools insured, you can minimise downtime and keep your projects on track.
What Does Tools Insurance Cover?
A typical tools insurance policy includes coverage for:
1. Theft
- One of the most common risks for tradies, theft coverage ensures you can replace stolen tools. Policies often require tools to be stored securely, such as in locked vehicles or buildings.
2. Damage from Fire or Storm
- Natural disasters like fire or storms can cause significant damage to your tools. Tools insurance helps cover repair or replacement costs.
3. Accidental Damage
- Accidents happen, and tools insurance ensures you’re not left paying out-of-pocket if your equipment is damaged on the job.
4. Damage from Vehicle Collisions
- Tools damaged in vehicle accidents are covered, ensuring you’re not left without essential equipment after an unexpected incident.
What’s Typically Not Covered?
While tools insurance offers broad protection, it’s important to understand what’s excluded:
- Normal wear and tear or gradual deterioration
- Loss due to negligence or failure to secure tools
- Damage caused by improper use
- Theft by employees
- Unexplained inventory shortages
Always read the Product Disclosure Statement (PDS) to understand your policy’s terms and conditions.
Types of Tools Covered by Insurance
Tools insurance policies often cover a wide range of equipment, including:
- Hand tools
- Power tools
- Mobile plant and machinery
- Electronic devices (e.g., GPS units, communication devices)
- Accessories for tools and equipment
Specified portable equipment can also include high-value items, which should be explicitly listed in your policy for comprehensive coverage.
How Much Does Tool Insurance Cost?
The cost of tool insurance depends on several factors, including:
- Value of Tools: Higher-value tools typically result in higher premiums.
- Storage Security: Tools stored securely in locked vehicles or buildings may attract lower premiums.
- Business Location: Areas with higher theft rates may impact insurance costs.
- Coverage Limits: The level of coverage you choose affects the overall premium.
Tradiespace x BizCover offers competitive pricing, flexible payment options, and instant online quotes, making it easy to find a policy that fits your budget.
Why Choose Tradiespace x BizCover for Tool Insurance?
Tradiespace, in partnership with BizCover, provides tailored tool insurance solutions for Australian tradies. Here’s why we’re the go-to choice:
1. Access to Leading Insurers
- Compare quotes from trusted insurers, including:
- Vero
- Chubb
- QBE
- Berkley
2. Customised Coverage
- Policies tailored to your trade and specific business needs.
3. Instant Online Quotes
- Get covered quickly with instant quotes and policy documents sent directly to your inbox.
4. Competitive Pricing
- Affordable premiums with no hidden fees.
5. Expert Support
- A friendly support team ready to assist with claims or policy questions.
Frequently Asked Questions About Tool Insurance
What is Tool Insurance?
Tool insurance provides financial protection for tradies’ tools against risks like theft, accidental damage, and loss.
Do I Need Tool Insurance?
If your tools are essential to your trade and losing them would impact your ability to work, tool insurance is a must-have.
How Much Does Tool Insurance Cost?
The cost varies based on the value of your tools, storage security, and the coverage level you choose. Tradiespace x BizCover offers competitive quotes to suit all budgets.
What Happens if My Tools are Stolen?
If your tools are stolen and you have a valid insurance policy, you can file a claim to receive funds for replacement.
Does Tool Insurance Cover Accidental Damage?
Yes, most policies include coverage for accidental damage, ensuring your tools are protected from unforeseen incidents.
Protect Your Tools with Tradiespace x BizCover
Your tools are the backbone of your trade. Without them, your work—and income—comes to a halt. Don’t let theft, damage, or loss leave you stranded. With Tradiespace x BizCover, you can compare policies from Australia’s top insurers and secure comprehensive coverage in just minutes.
Get a tool insurance quote today and enjoy peace of mind knowing your tools—and your livelihood—are protected.
.svg){kind=icon}