Vehicles, tools and data · Inland marine
Tools, equipment and goods in transit
Despite the name, covers business property that moves: a contractor's tools, a photographer's cameras, materials on a job site, goods on a truck.
- Who it's for
- Contractors, tradespeople, event businesses, and anyone whose equipment travels.
- Is it required?
- No.
Covered and not covered
Usually covered
- Tools and equipment at job sites and in vehicles
- Materials being installed, until the job is finished
- Goods in transit
- Valuable papers and records
Usually not covered
- Wear and tear, and breakdown
- Theft from an unlocked, unattended vehicle, in many policies
- Property that never leaves your premises, which commercial property covers
Real-life examples
Tools are stolen from a locked van overnight.
Usually coveredA contractor's equipment policy usually pays. Check for night-time or visible-entry conditions.
Check your own policy
Find these on your policy or declarations page, or ask your agent:
- A list of scheduled equipment with values
- Theft conditions
- Coverage for rented or borrowed equipment
Not sure where to look? See how to read your policy.