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Specialist Tools Insurance for Businesses

Protecting your tools and your income


ECIS is aware that businesses are being targeted by thieves who are after your valuable tools. Evidence suggests this is a growing issue, with half of all builders reporting having been a victim of tool theft¹


As a result, ECIS has secured a tools insurance arrangement with Covermytools to help minimise disruption to your business. ECIS customers are entitled to a 5% discount off their regular rates.


Who are Covermytools?


Covermytools represents a specialist insurer of hand and power tools and covers thousands of businesses across the UK. Covermytools offers peace of mind to business owners and tradespeople alike by providing stand-alone tools insurance cover.


What tools insurance do they offer?


Covermytools provide protection for loss, damage or theft of hand tools and portable power tools in the UK or anywhere in the world. They can cover all of your tools up to a maximum limit of £10,000 per insured person, with no inner limit to the value of any one item.


Does this cover theft from unattended vehicles or buildings?


Absolutely! They recognise that some traditional insurance policies for tools exclude some of the most obvious risks. They have a scheme which provides cover for theft from locked unattended motor vehicles or a locked store or building.


What is covered?:

  • Specialist cover for all types of handheld tools and power tools
  • Theft from unattended vehicles or buildings as standard (no additional excess applies)
  • Cover limit options from £1,000 to £10,000 per person
  • Choice of excess options from as low as £50
  • Damage or Theft in the UK or anywhere in the world up to 30 days
  • Premiums start from as low as £50 per year


How do you claim?

 

Covermytools have developed a 24 hour, streamlined claims service, should you be unfortunate enough to have a claim. They can arrange for their supplier to send replacement items quickly via courier. Alternatively, you can visit their local approved suppliers the same day to replace your tools.

 

How do you get cover?

 

Simply visit eca.covermytools.co.uk and complete the short online form to receive a quote. Alternatively, you can call Covermytools on 0330 100 0450. Don’t forget to use the referral code ECA5 to get your 5% discount.

 





¹ https://www.fmb.org.uk/about-the-fmb/newsroom/half-of-builders-are-victims-of-tool-theft/

EC Insurance Services Limited (ECIS) is authorised and regulated by the Financial Conduct Authority. The company is entered on the Financial Services Register (www.fca.org.uk/register/) under reference no. 312803

 

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