JD
Reviewed by John Doe, CPCU
Licensed Insurance Professional • 15+ years experience
VERIFIED
If your tools are stolen from your truck at a job site or a hotel, your General Liability will NOT pay for them. For that, you need Inland Marine (often called "Tools and Equipment" insurance).
Who Needs It?
- Contractors: For drills, saws, and excavators.
- Photographers: For cameras and lighting gear.
- Food Trucks: For mobile kitchens.
It typically costs about $15 per month for every $10,000 of equipment coverage.
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About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.