Insuring expensive tools, commercial gear, or specialized equipment requires adding an equipment floater or inland marine insurance endorsement to your commercial property or homeowners policy, or purchasing a standalone business equipment insurance policy. When setting up the policy, you must compile an inventory list with serial numbers, purchase receipts, and certified replacement valuations. This specialized coverage protects your valuable tools and equipment against theft, fire, transit damage, and accidental breakage both on-site and while being transported in work vehicles.
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