What does Contractor’s Tools and Equipment Insurance not cover?
Contractor’s Tools and Equipment Insurance typically does not cover normal wear and tear, intentional damage, or losses caused by neglect. For coverage of general liability, you would need a separate General Liability Insurance policy.
Related FAQs
If your tools are stolen or damaged, you should immediately report the incident to your insurance provider. They will guide you through the claims process to repair or replace ...
Leased tools and equipment can be covered under this insurance. It's crucial to include details of leased items when applying for coverage to ensure they are protected. ...
Yes, Contractor’s Tools and Equipment Insurance often covers tools and equipment while they are being transported between job sites, as long as they are properly secured. ...
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