{"id":13571,"date":"2025-10-30T16:30:03","date_gmt":"2025-10-30T21:30:03","guid":{"rendered":"https:\/\/www.rate.com\/insurance\/?p=13571"},"modified":"2025-10-30T16:30:05","modified_gmt":"2025-10-30T21:30:05","slug":"tools-and-equipment-coverage-for-plumbers","status":"publish","type":"post","link":"https:\/\/www.rate.com\/insurance\/resources\/tools-and-equipment-coverage-for-plumbers\/","title":{"rendered":"Tools and Equipment Coverage for Plumbers"},"content":{"rendered":"\n

Contractors invest a great deal of money in having the right tools for the job. For plumbers, that means bringing your tools of the trade with you when you go to a work site.<\/p>\n\n\n\n

Unfortunately, the very portability of tools and equipment means that they are prone to loss and theft. Replacement costs can quickly add up, especially for professional-grade tools.<\/p>\n\n\n\n

That\u2019s why it is so important to have the right insurance coverage.<\/p>\n\n\n\t

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Protect your business<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\tGet Your Free Consultation<\/a>\n\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\n

What is commercial general liability coverage?<\/strong><\/h2>\n\n\n\n

Most small businesses understand the need for insurance coverage, and general liability is important coverage to have. General liability is protection from third-party liability claims.<\/p>\n\n\n\n

If you accidentally damage a customer\u2019s property while you are on a job, general liability coverage is designed to pay for the repair or replacement.<\/p>\n\n\n\n

Although general liability is insurance that your plumbing business should have, it does not protect your tools and equipment from damage, loss, or theft.<\/p>\n\n\n\n

What is inland marine coverage?<\/strong><\/h2>\n\n\n\n

The first time someone hears \u201cinland marine coverage,\u201d a certain amount of confusion is understandable. \u201cMarine\u201d suggests the sea, while \u201cinland\u201d is the opposite.<\/p>\n\n\n\n

Originally, ocean marine coverage protected goods being transported at sea, which was the dominant form of trade at the time. As different forms of transportation became widely available and used, the need arose to protect commercial goods transported overland, by train, and then trucks.<\/p>\n\n\n\n

\u201cInland\u201d marine coverage is a general term for the type of insurance that protects goods and property while they are transported over land. This distinction is important because while general inland marine coverage protects items only during transport, tools and equipment coverage is continuous, offering protection even when tools are not being used.<\/p>\n\n\n\n

What is tools and equipment coverage?<\/strong><\/h2>\n\n\n\n

Tools and equipment coverage is insurance that is specifically designed to meet the needs of contractors. It is a form of inland marine coverage<\/strong> that protects property that is frequently moved from one location to another, making it more vulnerable to loss or theft.<\/p>\n\n\n\n

Unlike general inland marine coverage, which protects items only while in transit, tools and equipment coverage is ongoing. It protects a plumber\u2019s tools while at a job site, in transit, or at the company\u2019s main office.<\/p>\n\n\n\n

Tools and equipment coverage protects a plumber\u2019s property whether it is being used on-site or stored.<\/p>\n\n\n\n

What type of insurance coverages do plumbers need?<\/strong><\/h2>\n\n\n\n

Plumbers will need several different types of insurance to be considered adequately covered. Some of these are:<\/p>\n\n\n\n