A tradie is only as good as their tools, and broken or missing equipment could bring your work to a halt. Replacing tools can be an expensive, slow process – especially if your equipment is specialised. That’s why Tool and Portable Equipment insurance is considered essential to many tradies. Tool and Portable Equipment insurance covers you for loss and damage to items of portable equipment associated with your business.
Finding the right cover
Ready to protect your tools of trade? Here are some tips on finding cover that fits your business needs and budget.
- Consider what your tools are worth: Choosing the right cover amount helps ensure that your tools are fully covered. Remember, inflation might mean it’s more expensive to replace tools now than when you bought them!
- Check what is (and isn’t) covered: Reviewing policy wordings can help you understand when you are and are not covered. Each insurer may have their own set of exclusions, meaning some policies may fit your needs better than others.
- Compare quotes: Comparing multiple quotes from different insurers could help you find cover that fits your needs and budget.
Protect your tools of trade
Portable Equipment insurance can help tradies manage the cost of repairing or replacing their valuable tools and equipment. With BizCover, tradies can compare quotes and buy cover online in minutes. You might even save some cash – 87% of small businesses saved when switching to BizCover*. Find out how much you could save at BizCover.co.nz.
* Customer savings survey from 2024 identifies 87% of SMEs saved when switching to BizCover.
This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording © 2026 BizCover Limited, all rights reserved.
