tool & equipment insurance

Carrying insurance isn't the same as being fully covered. From completed operations to cyber liability, these five contractor insurance gaps are among the most common — and the most costly to discover after a claim has already been filed. Here's what to check before it's too late.

Tool and equipment insurance protects contractors from theft, accidental damage, and weather-related losses — but the exclusions are where most people get caught off guard. From tools left in unattended vehicles to mechanical breakdowns and mysterious disappearances, standard policies have more gaps than many contractors expect. This guide breaks down exactly what's covered, what's not, and how to make sure your coverage actually reflects the value of the equipment keeping your business running.