By the General Liability Guide Editorial Team. Our guides are verified against actual insurance carrier rate sheets and state industrial commissions.
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.
Frequently Asked Questions
Yes, if you use it for business and take it to different client locations, it is much better to cover it via Inland Marine than standard property insurance.
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.