Did you know? Your tools and equipment are hot items for would-be thieves.
BizCover, Australia’s number one online small business insurance provider, looked at business theft claims submitted by their customers between January 2022 and August 2025.
They found that tools are the second-most stolen item. That’s bad news for tradies, who happen to come number four on BizCover’s list of most stolen-from sectors.
SEE MORE: Tradie Tough Tests
Replacing pinched tools and equipment can be an expensive headache for tradies. It could potentially cost thousands of dollars to buy or rent essential tools just to keep working. And for many tradies, this might stretch—or even break—their budget.
That’s why many tradies choose insurance like Portable Equipment and Theft to help them avoid these out-of-pocket costs.
Think of these Business Insurance Package options as a one-two punch against tool theft. Portable Equipment can help cover thefts that occur on a worksite, while Theft helps cover items that are stolen from your locked and secured garage, tool shed, or ute. Both cover options can work together to ensure your tools are protected, wherever they go.
Portable Equipment and Theft cover can also help tradies protect other equipment that is critical to their work and running their businesses. Other items in BizCover’s top 10 include phones, laptops, and tablets—all items commonly used by tradies to do things like communicate with customers and contractors, write up quotes, and accept payment.
Plus, both Portable Equipment and Theft cover can also cover items of stock. It’s easy to see why so many tradies are adding these options to their Business Insurance Packages!
Ready to protect your tools, equipment, and stock against thefts? BizCover has got you covered.
Compare Portable Equipment and Theft quotes alongside other essential cover, like Public Liability and Professional Indemnity. Fill your insurance toolbox with policies that fit your needs and protect your business against everyday risks.