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Employee Tools Coverage For Auto Repair Shops

Think back to when you purchased your first tools as a mechanic—they were really expensive! Knowing how much money you put into those tools, you want to make sure they are adequately covered should something happen to them.
May 12, 2020 | Mechanic
By: Paige N.
Paige N. came to Acuity in 2015 as a commercial lines underwriter. Through her time in underwriting, she worked on a wide array of accounts, many in the service industry, including: automobile repair shops, apartments, beauty shops, and everything in between. In addition to her underwriting experience, Paige worked in advertising and is studying to obtain the Associate in General Insurance (AINS) designation. Thanks to her father, Paige drives a manual transmission and finds driving a manual much more fun than an automatic!

Author of Services & Retail Focus

Think back to when you purchased your first tools as a mechanic—they were really expensive! Knowing how much money you put into those tools, you want to make sure they are adequately covered should something happen to them.

 

Coverage for your tools could be afforded in different places depending on how you are insured:

 

  • If you work at a shop where the shop’s business insurance covers your tools, your tools could be covered under employee tools coverage purchased by the shop.
  • If you work at a shop that requires you to purchase your own insurance for tools, your tools could be covered under portable tools coverage.

 

Depending on your situation, you need to ensure the proper coverage is in place for your tools. The first step is to determine if the shop you work for has employee tools coverage. This is where your tools would be covered. If the shop doesn't have employee tools coverage and you are responsible for purchasing your own insurance, make sure you have portable tools coverage on your policy with a high enough limit to cover your tools if they are destroyed.

 

Whether you are a shop owner or mechanic, Acuity can help! Acuity can provide coverage for auto repair shops and independent contractor mechanics alike. Want to learn more? Click here or talk to your independent agent about how Acuity can cover your tools!

By: Paige N.
Paige N. came to Acuity in 2015 as a commercial lines underwriter. Through her time in underwriting, she worked on a wide array of accounts, many in the service industry, including: automobile repair shops, apartments, beauty shops, and everything in between. In addition to her underwriting experience, Paige worked in advertising and is studying to obtain the Associate in General Insurance (AINS) designation. Thanks to her father, Paige drives a manual transmission and finds driving a manual much more fun than an automatic!

Author of Services & Retail Focus