3 benefits of tool and equipment insurance to protect you!

If you work in a manual labor job, like on a risky construction site or building a home, it is commonplace to be using high-powered devices, big pieces of machinery, and other equipment that can break after extensive use.

If your machinery is faulty, there is a greater risk of injury. For example, if your drill breaks during use, there is an increased likelihood that something could go wrong and harm the user. However, if you ensure all of your tools and equipment are working correctly, then you can stay safe and protected during your project.

Tools and equipment coverage are designed for contractors to protect their employees and save their business from liability concerns, visit site to learn more about it.. 

3 benefits of tool and equipment insurance

If you are a contractor or run a construction company, you will benefit from getting tool and equipment insurance. Along With purchasing commercial property insurance, which covers the physical building and property, you need to also buy the tools and equipment coverage for a dynamic and flexible coverage that travels with your company to various worksites.

If you are looking for high-quality insurance companies to represent you, like Athos insurance, make sure you do proper research to ensure they have good ratings, high reviews, and the necessary coverage for your company.

Stolen equipment

One of the best ways that equipment insurance can help contractors is in the case of stolen equipment. Since construction equipment and machines are pretty expensive, any stolen pieces can rack up thousands of lost dollars. In a situation where the risk for stealing is relatively low, thieves will often take a chance and steal expensive equipment from a site when the workers are gone.

Along With stolen equipment, workers may steal tools, misplace tools, or damage tools by accident. A comprehensive plan, like one from Athos insurance, can cover all of these instances. 

Work accidents

If you accidentally knock over a machine while using it, it can lead to hundreds or thousands of dollars in damage. To avoid paying out of pocket for this repair, purchase tool and equipment insurance for your business. 

Having insurance for work accidents is one of the best ways employers can protect their employees and protect their business on a job site. After all, accidents are widespread and unpreventable. Although your business can take safety precautions and provide safety training, things happen – and sometimes, these things can lead to injuries and broken equipment. 


Although we like to think that people wouldn’t go out of their way to damage property or make life harder for others, that is not always the case. Whether it be local hooligans or teenagers who are bored and want to have fun, vandalism is common among construction sites. Buying insurance helps protect your machines and equipment from potential damage.


Purchasing equipment and tool insurance is a brilliant and safe move by contractors to protect themselves at various work sites. Along with purchasing commercial insurance, buying tool and equipment insurance is a dynamic coverage that moves with you wherever you go.