Tool and Portable Equipment Insurance

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Tool and Portable Equipment Insurance?

Tool and Portable Equipment Insurance covers you for loss and damage to items of portable equipment associated with your business. These can include tools of trade and items of stock.

What types of businesses may need Tool and Portable Equipment insurance?

Your tools of trade and specialised equipment are vital to the successful running of your business. Take a moment to consider how much you rely on them to help you get the job and how much of a devastating impact it would be if your business was caught without them.

These are just some examples of the types of businesses that may need Tool and Portable Equipment insurance to help protect their business:

Allied Health Professionals

  • Mobile beauticians and hairdressers- beauty and hair products, hair straighteners, curlers, make-up tools
  • Personal Trainers- sporting equipment and products
  • Yoga instructors- specialised yoga equipment like props, pillows, bolsters and mats


  • Protection for specialised cleaning equipment like mops, buckets, vacuums, cleaning products


From advertising gurus to translators, the range of different types of consultancy businesses is broad, but they all have one thing in common- relying on portable equipment to help run their business.

Things like laptops, tablets, computers and other specialised tools and equipment are all vital to performing your professional skills and is something Tool and Portable Equipment insurance can help safeguard.

IT Professionals

To help crack the code of that 404 error chances are you need certain software and IT equipment to help get the job done. Tool and Portable Equipment insurance can help provide so much needed protection for your expensive electronic IT equipment that gets lost or damaged.

Real Estate Agents

Without business assets like your laptop, phone or tablet, it’s a bit hard to seal the deal with your clients! No matter where you might be in New Zealand helping your clients with their property enquires, Tool and Portable Equipment insurance can provide you with some peace of mind.


If you take your business to the road, you can rest assured that important business assets like your EFTPOS machine for example are insured.


Tool and Portable Equipment insurance is one of those no-brainers when it comes to protecting your valuable tools of trade. Whether you are a sparky, a plumber, landscaper or handyman, your tools are essential to doing the task at hand.

If you took a moment to add up the contents of your toolbox, you may be surprised by how quickly all those tools add up over the years. If something were to happen them, would you be able to afford to replace them all without impacting your business’ hard-earned savings?

Did you know?

Your Tool and Portable Equipment insurance covers you anywhere in New Zealand, so you’re protected no matter where your work takes you!

What’s typically covered*?

Loss or damage that is caused by:

  • Fire, storm, water, explosion, impact or malicious damage
  • Accidental damage
  • Collision or overturning of the conveying vehicle
  • Theft following forcible and violent entry to locked vehicles or locked buildings
  • Theft of equipment securely attached to a vehicle through the use of locks or padlocks


Specified portable equipment can include items such as:

  • Mobile plant
  • Photographic or video equipment
  • Mobile communication equipment, including telephones and radios
  • Electronic equipment, including computers, diaries, GPS units
  • Accessories for the items listed above

What’s typically NOT covered*?

Loss or damage to your portable equipment that is caused by:

  • Wear, tear or gradually developing conditions
  • Cracking, scratching, marring or breakage of glass or fragile items or surfaces
  • Rust, oxidation, mildew, mould, moths, insects, vermin, dry rot, contamination or pollution
  • Any process of heating, drying, cleaning, dyeing or alteration to any insured item
  • Faulty materials or workmanship
  • Theft by employees
  • Unexplained inventory shortage

Protect your business today.


Why do I need Tool and Portable Equipment insurance?

Unless you have a money tree growing out the back, the potential upfront cost to replace your business tools and portable equipment could end up costing you a pretty penny. Not only is it the financial side of things you need to think about, but the way it may impact your business’ reputation too.

How much does Tool and Portable Equipment insurance cost?

There are plenty of factors that are taken into consideration when calculating the cost of an insurance policy. Each and every business is different, so the pricing of your policy will depend on your business’ unique factors.

Some of these factors may include:

  • The value of the items you list on your Tool and Portable Equipment insurance policy
  • The nature of your business activities
  • The location of your business
  • Your excess
  • Your claims history

Things to consider

  • Does your business rely on portable property (such as tools)?
  • Would having to replace or repair of the equipment put your business under financial stress?
  • Is your portable equipment stored in the open air or is it secured? Your policy wording is likely to explain how your portable property is required to be securely stored for it to be covered by your insurance.

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* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.

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