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hatter's avatar
hatter
Contributor 2
20 days ago
Solved

Insurance for tools

Hello, 

 

Are there any insurance companies that specialize in insuring tools and equipment and can I add a commercial auto to it? 

 

Anyone have an average on what they pay .... im starting a painting business, so related industries would be helpful. 

  • PestFreeCanada's avatar
    PestFreeCanada
    20 days ago

    I am no insurance expert, but when I signed up for my vehicle insurance, they asked me what the dollar amount of my tools is. They also told me that I should call them and let them know if I make a big ticket purchase of some fancy tools more then $500.

    If you start looking for insurance and make a few calls I am sure the question will come up during your conversations with the brokers. Then you can just compare quotes and pick the one right for you.

2 Replies

  • PestFreeCanada's avatar
    PestFreeCanada
    Contributor 5
    20 days ago

    I am no insurance expert, but when I signed up for my vehicle insurance, they asked me what the dollar amount of my tools is. They also told me that I should call them and let them know if I make a big ticket purchase of some fancy tools more then $500.

    If you start looking for insurance and make a few calls I am sure the question will come up during your conversations with the brokers. Then you can just compare quotes and pick the one right for you.