Tool theft is one of the most frustrating risks drainage and ventilation maintenance contractors face. Across social media, stories of stolen vans and thousands of pounds worth of equipment lost are becoming all too common. For hardworking contractors, these aren’t just tools – they’re the means to earn a living and support a family.
That’s why it’s essential to make sure your insurance policy for drainage tools provides the right protection. Unfortunately, many contractors only discover the gaps in their cover after a tool theft has already occurred.
Common gaps in tool theft cover
Not all policies are created equal. Here are some of the restrictions we see regularly:
- Unattended vehicle exclusions: Many policies exclude theft entirely if the van is left unattended, even for a short time
- Strict security conditions: Some policies only provide cover if tools are stored in a lockable internal vault or limit cover to certain hours of the day
- Flexible policies: Wider policies do exist, with fewer restrictions and simpler requirements, but they aren’t standard and need to be specifically requested
Real-world example
Just this week, we placed a drainage tool policy for a contractor with no complex security conditions. The only requirement was that vans are locked and there’s evidence of forcible entry. The premium? Cheaper than a policy with strict conditions.
This shows that good policies do exist – but you need a broker with up-to-date market knowledge to find them.
Contractors All Risks (CAR) policies
We’ve already discussed the best way to insure van-pack jetters in a previous article, but it’s worth clarifying the security conditions often found in Contractors All Risks (CAR) policies for plant, tools, and equipment.
Overnight restrictions are common, and many companies only discover them when it’s too late. If your van is parked on your driveway overnight and broken into, you may not be covered under a standard CAR policy.
Protecting your livelihood
Drainage tools and equipment are expensive, but more importantly, they’re essential. Without them, jobs grind to a halt. Making sure they’re properly insured isn’t just about peace of mind – it’s about safeguarding your livelihood.
Drainage work can be messy. Your insurance shouldn’t be.
Find out more about drainage contractor insurance and tool theft cover by calling us on 01732 386731 / 07849 643017 or email drainage@howdeninsurance.co.uk today.