Why Insuring Your Tools Of Trade And Portable Equipment May Help Your Business 

Take a moment and think about all the bits and bobs that help you get through the day when running your business. For the tradies this may be your tools of trade, a collection of specialty equipment that has no doubt grown over the years.  

Equally important is the digital equipment you may use if you’re working as a professional. Laptops, phones, tablets, they all add up and are vital, just like tools of trade to perform your role. 

There are many moving parts when it comes to running your own business, and regardless if you are a sole trader or run a small company, Portable Equipment and Tool cover* is something to consider and just might help your business for the long run. 

What exactly is Portable Equipment and Tool Cover? 

Portable Equipment cover protects you from the loss or damage to portable equipment, tools and valuable property anywhere in New Zealand. You can select your own cover limit and cover the loss of things like laptops and mobile phones. 

What is 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 

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 

If you are unsure about what your policy provides cover for check your Product Disclosure Statement or get in contact with your insurance provider. 

What kind of businesses might consider this cover? 

Pretty much any business that relies on gadgets to help run your business may benefit from the protection of Portable Equipment and Tool cover. 

Here are some examples of the different types of businesses and when this cover may provide some peace of mind. 

Allied Health Professionals 

There is a diverse range of occupations that fall under this industry. If you work in the mobile beauty business things like your hair and beauty products, tools and equipment quickly add up. For personal trainers and yoga instructors specialised pieces of equipment and products are also things you may want to look at protecting.  


Whether it is domestic or commercial cleaning, getting your client’s places to sparkle doesn’t come without the help of specialised cleaning equipment to help perform the magic. Vacuums, cleaning products, mops and more are things to consider protecting for your cleaning business.  


The world of consultancy is broad, but it is safe to assume that not a day goes by without the use of portable business tools like your mobile phone, tablets, laptops and other speciality equipment. Having to try and communicate and run a business without them is enough to give any small business owner a headache just thinking about it. 


Whether you are a sparky, a plumber, landscaper or fitter, your tools are essential to doing the task at hand. Your tools are critical to your profession and having some form of protection in place is one less thing you need to worry about. 

Could you afford to not be insured? 

Being without things like your mobile phone or a specialised piece of equipment could cause unforeseeable hiccups for your small business. 

There’s the financial impact of how much it is going to cost to replace your portable business items or tools of trade. This can hurt the hip pocket and strike when you least expect it. Not to mention the time it takes to shop around and source the item/s that need to be replaced. 

Then there is the worry of losing clients due to not being able to perform your job at hand. Not having the right tools could be make or break for scoring jobs. 

Start protecting your portable equipment and tools  

With a million other things to be thinking of when running your own business, getting your Portable Equipment and Tool cover sorted may not have been something you’ve had on your mind. Here at BizCover we understand small businesses, and we’re here to help protect your business.  

Visit us online for a quote today, or if you prefer to have a chat you can reach us at 0800 249 268. 


*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. © 2023 BizCover Limited. 

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