The Importance of Power Tools And Its Insurance Today

Today, power tools are often credited as being the backbone of the building and trades industries: they are portable across various worksites, they can be charged when not in use and they come with interchangeable parts and accessories (to the point where you can have three tools in one). They are also becoming even more sleek and innovative in design to ensure flexibility and ease of use for tradies.

Without these sophisticated power tools, many tradesmen would not be able to complete their projects or even carry out their daily work. With the growth of power tools and our reliance on them in the trades and construction fields, tools of trade insurance (also referred to as General Property Insurance) has also become increasingly more significant too.

Power Tools and Tool Insurance

Just as power tools were created to make life easier for those ancient builders, tools of trade insurance was developed to bring today’s tradies peace of mind when it comes to the safety of their tools and equipment. 

Tools of trade insurance exists to protect your tools in the event that they are stolen by a third party or damaged due to an accident. If you were to wake up one morning and find that your tools had been nicked or if you were driving from site to site and your tools were damaged in a crash, the consequences could be severe.