Tools & Equipment Insurance for Texas Contractors
Your tools are how you make money. If they're stolen, damaged, or destroyed, you can't work. Tools and equipment insurance — also called inland marine coverage — protects your tools and equipment whether they're on the job site, in your truck, or in transit. This is one of the most overlooked coverages we see, and one of the most commonly needed.
What It Covers
- ✓Hand tools and power tools
- ✓Specialized equipment and machinery
- ✓Tools in your vehicle or in transit
- ✓Tools on job sites
- ✓Rented equipment you're responsible for
- ✓Theft, damage, and mysterious disappearance
Who Needs This Coverage
- →Any contractor with valuable tools or equipment
- →Contractors who've had tools stolen from their truck
- →Businesses with specialized equipment worth protecting
- →Contractors who rent equipment and need coverage
- →Anyone whose commercial auto policy doesn't cover tool contents
Common Claims We See
Frequently Asked Questions
Doesn't my commercial auto cover tools in my truck?
No — this is a very common misconception. Commercial auto covers the vehicle, not the contents. For tools and equipment inside your truck, you need a separate tools and equipment policy.
What's the difference between tools coverage and commercial property?
Commercial property covers items at your fixed business location. Tools and equipment (inland marine) covers items that move — on job sites, in vehicles, and in transit. Most contractors need both.
How much does tools and equipment coverage cost?
For most small contractors, tools coverage starts around $300–$800/year depending on the value of your equipment. It's one of the more affordable coverages and one of the most frequently used.