News, Safety, Tradie Business

Tool crime is up. Here’s how to protect them

Tool insurance for tradies

It could happen to any tradie: You head to your ute to start the day, only to discover that thieves have broken in and taken off with your tools despite having them locked and secured.

That’s what happened to one NSW tradie interviewed by NBN News this past October. Over $15,000 worth of tools were stolen from his ute. Tools he’d collected for 20 years – gone overnight.

With crime on the rise, more Aussie tradies might find themselves in the same boat.

According to the Australian Bureau of Statistics, break-ins increased for the first time in over a decade last year, with property stolen in two-thirds of cases. Motor vehicle theft also rose, with over 55,000 victims reporting that their vehicle was nicked.

Insure your tools with BizCover

Tradies have gotten resourceful to keep their tools and equipment safe—locking up toolboxes and storage, installing security cameras, attaching GPS tags to items—but sometimes your best efforts are no match for criminals.

That’s why tool insurance might come in handy. Portable Equipment* cover, an optional part of a Business Insurance Pack*, covers you for loss and damage to your tools and stock due to theft, fire and other perils listed in the policy wording.

So, if your tools are nicked (despite your best efforts to keep them securely locked up or under your watch), Portable Equipment insurance can help you replace them.

Want no-dramas Portable Equipment cover? BizCover can help you get covered and back to work in minutes!

*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The news story cited is for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. © 2023 BizCover Pty Limited, all rights reserved. ABN 68 127 707 975; AFSL 501769
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