Best use
Use this guide before comparing contractor insurance quotes.
Key points to review
- Tool value
- Storage location
- Transit exposure
- Deductibles
Why tools coverage is separate from liability
General liability focuses on certain third-party claims. Tools and equipment coverage is a separate conversation about protecting the contractor's own property, especially items moved between jobs.
What to inventory
List high-value tools, equipment, serial numbers where available, storage location, and whether items are frequently transported.
These ranges are educational estimates only. Licensed insurance providers calculate final premiums based on underwriting, limits, operations, state, payroll, revenue, claims history, and other details.
Prepare your quote checklistSources
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