Insurance For Tools and Materials You Use on Worksites

Your contracting duties include seeking adequate insurance coverage for the tools and materials that you use on each work site. Review some items that you should add to your contractor’s insurance policy. Then, consult with one of our Einstein Insurance agents for sound insurance advice.

An Inventory

Take an inventory of the tools and materials you use regularly. Focus solely on the items you own outright. If you rent items on occasion, the owner of the rental facility will be responsible for insuring the equipment you rent out.

If you plan to purchase contracting equipment soon, seek additional contractor’s insurance coverage for each item you purchase.

Organizational Tips

Keep your tools and contracting materials organized. Organizing everything will help you keep track of when you need to order new items. It will also save you time when you are preparing each worksite for an upcoming project.

If you own many small hand tools and other loose items needed for contracting duties, purchase a large toolbox or another storage aid to secure them all.

Limits and Exclusions

Your contractor’s insurance policy will specify limits and exclusions. Review this information. If you do not think the policy provides enough coverage for your tools and materials, shop around for additional insurance coverage.

Add-on coverage will increase the amount of coverage that your contractor’s insurance policy provides.

Contact Einstein Insurance

If you would like to learn more about your contractor’s insurance policy, meet with one of our insurance agents. An agent representing the Portland, OR, area will schedule your insurance appointment.