Tools & Equipment Floater for contractors
Scheduled tools-and-equipment coverage for the nail guns, miter saws, lasers, generators, and compressors that walk off jobsites — written at replacement cost so a theft doesn't come out of your pocket. The core policy every gear-heavy contractor needs.
What it covers
- Pneumatic and cordless nail guns, miter saws, and circular saws
- Generators, air compressors, and laser levels
- Theft from jobsites, trucks, trailers, and storage
- Damage, fire, vandalism, and accidental loss
- Replacement cost — not depreciated actual cash value
- Gear that travels between jobs and lives off-premises
Who it’s for
- Contractors with meaningful investment in power tools
- Crews whose gear lives on trucks and jobsites
- Any contractor who's had tools stolen or damaged
- Trades with high per-tool value — framers, electricians, plumbers, HVAC
- Crews working in high-theft regions or on shared jobsites
Why CCA
- Tools scheduled at replacement cost — not depreciated to pennies
- Theft coverage that follows your gear wherever it goes
- Fast claims handling so you can replace gear and keep working
Common questions about tools & equipment floater
A tools & equipment floater covers your contractor gear — nail guns, saws, lasers, generators, compressors, and hand tools — against theft, damage, fire, vandalism, and accidental loss, on the jobsite, in transit, and on your truck. It follows the gear wherever it goes, which is exactly where tools live and get stolen.
No. GL and commercial property do not cover tools off-premises. Tools are an inland marine (tools & equipment) coverage. We schedule your nail guns, saws, generators, and compressors so theft and damage are covered — closing the gap GL leaves wide open.
Commercial property covers gear at a fixed location like your shop. A tools & equipment (inland marine) floater follows your tools wherever they go — jobsite, truck, trailer — which is where contractor tools actually live and get stolen. If your gear moves, you need a floater, not property.
We write tools & equipment at replacement cost so a stolen nailer or saw is replaced new, not depreciated to pennies. ACV policies can pay $150 for a $600 nailer. Replacement cost is the difference between staying on schedule and buying gear out of pocket.
Scheduled coverage lists each major piece of gear individually — make, model, serial number, and replacement value. At claim time the schedule removes depreciation and proof-of-ownership disputes. We help you build the schedule and keep it current as you add gear.
Yes — a tools & equipment floater covers theft from your truck, trailer, and jobsite, subject to the policy terms and deductible. Some policies carry a higher theft-from-unattended-vehicle deductible, which we review and structure to minimize your out-of-pocket exposure.
We build a schedule listing each major tool with its replacement value — what it would cost to buy new today. You can update the schedule as you add gear. Keep receipts, photos, and serial numbers; accurate scheduling keeps premiums fair and claims fast.
It can. We can extend coverage to borrowed and rented tools, which matters if you rent specialty gear for specific jobs. Rental yards often require proof of insurance — we issue certificates naming them as required.
Most contractors pay $500-$2,500 a year for a scheduled tools floater, typically 1-3% of the total scheduled gear value, modified by deductible and theft-loss history. We quote the full program in about 15 minutes and show every market's price.
Yes. Contractors Choice Agency is licensed in all 50 states and writes tools & equipment programs for contractors from the highest-theft markets to the storm-rebuild surge zones.
About 15 minutes for a standard scheduled-tools program. Once bound, we turn around certificates, schedules, and additional-insured endorsements usually within minutes.
No. GL covers third-party injury and damage, not your own gear. Tools are covered under a tools & equipment (inland marine) floater — which is what we build to close the gap GL leaves open.
We write tools & equipment at replacement cost so stolen or destroyed gear is replaced new, not depreciated. ACV policies can pay pennies on the dollar for a $600 nailer — replacement cost keeps you working.
Yes — a scheduled tools floater covers theft from your truck, trailer, and jobsite, subject to the policy terms and deductible. Some policies carry a higher theft-from-unattended-vehicle deductible, which we review carefully.
Schedule anything of meaningful value — nail guns, miter and circular saws, lasers, generators, compressors, mobile equipment, and specialty gear. We help you build the schedule with make, model, serial number, and replacement value, and update it as you add gear.
Yes. High-value mobile equipment should be scheduled separately at agreed value so a total loss pays what it's really worth. Generic policies undervalue this gear — we list each unit individually.
Often, yes. We have excess-and-surplus (E&S) inland marine markets for contractors with loss runs, prior thefts, or cancellations that standard markets decline. Bring your loss runs and gear schedule.
If you haul material packages that could be lost, damaged, or stolen in transit or before installation, yes. An installation floater covers materials from the supplier's truck until they're installed and accepted — closing a real gap.
You reach a person with context, not a queue. We respond within 2 hours, help you document the loss (police report for theft, photos, schedule), and manage the claim with the carrier so it's paid correctly and you can replace gear fast.
Tools and equipment coverage lives in the inland marine market — a specialty class most generic agents don't understand. A specialty broker knows which carriers write scheduled gear at replacement cost and how to manage a tools-theft claim so it pays.
Pair it with related coverage
Ready to protect your tools and equipment?
Get a 15-minute quote from specialists who understand contractor gear — scheduled tools floaters, mobile equipment, installation floaters, equipment breakdown, and commercial auto.