Tools & Materials Insurance from just £3.59 a month*
Protects your tools & materials at home, or in your vehicle from theft.
What is Tools & Materials insurance?
Losing your tools & materials through damage or theft is a major headache. They're vital to any trade, can be costly to replace and without them, your business can grind to a halt.
Our insurance protects them in the unfortunate event of theft, fire, or damage as a result of a road traffic accident, both at home or in your vehicle. Having this cover in place will give you peace of mind that if the worst happens, you're not out of pocket and you would get your tools replaced, or get compensated for the loss.
Whether someone breaks into your van and takes off with your power tools, or you lose your business laptop in a fire at home, we'll cover them and help protect your livelihood.
What does tool insurance cover?
Tools insurance covers the cost of replacing business tools and equipment if they are lost, stolen or damaged while stored in your locked home or vehicle. For example, tools insurance will cover your tools if damaged as a result of a road traffic accident or fire, or if your vehicle is stolen with them inside.
Cover for tools, materials, and stock if stolen from your locked home or vehicle, damaged as a result of a road traffic accident, or fire, or if your vehicle is stolen with them inside
24/7 cover anywhere in the UK, so long as your vehicle is not left unattended for more than 24 hours
Cover for one business laptop or tablet
Classic package
Tools will be valued at the price you purchased them for and a 10% percent deduction per year will be applied for depreciation
Pro package
Tools will be valued at the price you purchased them for and with no depreciation included and we'll aim to make payment within one working day of approving the claim
Phones, sat navs and personal belongings
Tools stored in a vehicle left unattended for more than 24 hours
Typical wear and tear to tools
Faults with tools should be covered by warranty, not insurance
This content has been created for general information purposes. To ensure you have the correct level of insurance please see our full policy wording below.
Want to get into the details?
We've made our policies as easy to understand as we can, so if you'd like to get into the details of our Tools and Materials Insurance cover you can download examples here
Our products are based on feedback from thousands of people like you
Everything in one place
Our insurance plans let you buy all the business insurances you need in one simple monthly payment. No more missed payments or multiple renewals.
Fast claims payments
If you need to make a claim, we're not here to stop you. We've made it easy and fast so you can get back to work and start earning again asap.
Cancel your policy anytime
You can cancel your policy anytime, with no penalty, no hassle and no issues. We'll even refund any future months so you’re not out of pocket.
We flex with your business
As your business expands, your insurance needs will evolve. We are pleased to offer policy amends at no additional charge, supporting your growing needs seamlessly.
Tool insurance FAQs
The loss of tools through theft or damage can lead to unexpected costs and business disruptions that many small businesses and sole traders may find overwhelming. For this reason, tools insurance can provide peace of mind to tradespeople, contractors and artisans who rely on their tools and equipment to perform their work.
Yes, we'll need proof of purchase of your tools to process your claim, such as:
• Receipts
• Invoices
• Credit card statements
• Bank statements
• eBay account
• PayPal account
• Accountant records
Yes, as long as the cost of your new tool(s) fall within your total sum insured.
No, your tools are only covered in the vehicle and your address you tell us about.
Yes, as long as the address they are stored in is the same address you've provided us to insure.
1) Report it to the police
2) Report the claim to us by calling us on 020 3808 8533 or contacting us via email at claims@admiralbusiness.com.
3) You may also need to tell your home or motor insurer
4) Take steps to make sure you change your locks if keys are stolen
We do not cover mobile phones, sat navs or personal belongings.
Your quote remains valid for 30 days from the date you receive it.
You can report your claim to our claims line on 020 3808 8533 or via email to claims@admiralbusiness.com.
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*£3.59 is the price for a Tools Insurance Classic policy with £1,000 worth of cover in Wales. It is equivalent to £43.12 per year when paying for the policy in one annual payment. Your quote will be personalised to your requirements and will reflect the risks you need to be covered against. The price is correct as of 27th October 2023.