Equipment Insurance: What It Does and Who Needs It. When running an active work site, one of the most important pieces of the puzzle in addition to your workers, is the tools they hold. Accidents happen all the time; tools and equipment are often lost, broken, or otherwise put out of commission. However, the job must go on, and replacing all of the tools and equipment using the money out of your own pocket can rack up fast. Learn about equipment insurance coverage ... September 20, 2023By Aegis Insurance Contractor Insurance, Tool and Equipment Insurance 0 Comment Read More »
How Inland Marine Insurance Protects Contractor Tools When you've invested heavily in tools and equipment for your artisan contractor business, the last thing you want is those investments to get stolen, lost, vandalized, or damaged. That's why contractors rely on inland marine insurance (also known as tool and equipment insurance) to protect these vital business assets. What is Inland Marine Insurance? Inland marine covers business property such as tools and equipment while in transit over land or when stored at an off-site location. Inland ... July 6, 2022By Aegis Insurance Tool and Equipment Insurance 0 Comment Read More »
How Much Does Tool Insurance Cost? If you've got the cash to grab a sandwich from the local deli on your lunch break today, then you likely can afford to insure the tools and insurance that help you get the job done. How Much Does Tool Insurance Cost? The median premium for an artisan contractor's tools and equipment insurance is $14 per month. That’s around $169 per year for a policy with a $5,000 limit. Several factors go into determining your policy rate, ... October 28, 2021By Aegis Insurance Contractor Insurance, Tool and Equipment Insurance 0 Comment Read More »
