{"id":6192,"date":"2019-05-17T15:07:05","date_gmt":"2019-05-17T15:07:05","guid":{"rendered":"https:\/\/www.holmesmedia.co.uk\/?p=6192"},"modified":"2021-01-07T10:06:37","modified_gmt":"2021-01-07T10:06:37","slug":"tool-insurance-guide-for-heating-engineers","status":"publish","type":"post","link":"https:\/\/www.boilerguide.co.uk\/trade\/blog\/tool-insurance-guide-for-heating-engineers\/","title":{"rendered":"Tool Insurance Guide for Heating Engineers"},"content":{"rendered":"

Unfortunately, van tool theft<\/a> is an all too common occurrence in the UK, with tools being stolen from a van every 23 minutes. Which is why making sure that you\u2019re covered by tool insurance is vital.
\nTool theft<\/a> is not only an inconvenience, it prevents tradespeople from working and earning a living. Being covered by tool insurance will help you replace stolen or damaged tools and get back to work much sooner.
\nThis guide will explain what tool insurance is, what it covers and which insurance companies you might want to consider taking out a policy with.<\/p>\n

What is tool insurance?<\/h2>\n

Tool insurance is a way of protecting your tools, power tools and other equipment that you need to be able to work against theft, damage or loss. As tools are an essential part of any heating engineers day-to-day life, it\u2019s fair to see that being covered by tool insurance is pretty much essential.
\nIt\u2019s possible that if you have some form of business insurance, and you should have public liability insurance<\/a> by law, it might also cover tool insurance or can be added as an optional extra – so it\u2019s well worth checking if your tools are already covered by an existing policy.<\/p>\n

What is tools in transit insurance?<\/h2>\n

Tools in transit insurance will see that you\u2019re covered should your tools be stolen from a vehicle or end up damaged as a result of being moved into or out of a vehicle.<\/p>\n

What happens if tools are stolen?<\/h2>\n

Should you find out that your tools have been stolen, or damaged, and you\u2019re covered by some form of stolen tools insurance, the first thing you\u2019ll need to do is make your insurer aware. If you\u2019re covered, they will aim to either replace the missing tools or refund the value of the tools as quickly as possible. Helping you to get back to work sooner rather than later.
\nThe amount you\u2019ll be covered for will depend on the insurance policy, but it is possible to take out coverage in excess of \u00a310,000. For any claims to be valid, the insurer will expect you to have a certain level of security:<\/p>\n