Hi All,
Don't know if this has been discussed before, but we all have a major investment or small fortune in tools, boxes, test equipment, etc. I'm not talking about shop owners, but the individual technician. Most techs I work with or have worked with have an investment of 10k - 50k +; NO TOOLS = NO $$$$$!
The shop where I am now has a policy of $2500 per tech; that may cover two or three DRAWERS of my toolbox!
I called my homeowner insurance company and they told me if the tools are at my property, they are covered. Since they are at work, only $250 are covered, as if they were in my car.
So, I was told if I want them covered, I'd have to take out a commercial insurance policy at $750 - $950 per year.
Does anybody know other ways of coverage that's more affordable?
Thanks,Jon