Does Inland Marine Cover Tools?

Some equipment-floater forms include tools, but a business should not assume every tool is covered wherever it goes. In the cited AAIS contractors’ equipment form, employee-owned tools appear under a supplemental coverage with a stated location restriction and a separate limit; the base equipment coverage has its own property-description and scheduling rules. These provisions are one carrier form’s example, not a universal standard.

Check whether the tools belong to the business or employees, whether hand tools are included, whether the jobsite or vehicle is covered, and whether theft from an unattended vehicle is restricted. Confirm any per-item, employee-tool, and catastrophe limits against replacement values, and ask whether tools need to be listed individually.