Tool Thefts on the Rise
10 June 2024
In the past week, hundreds of tradespeople in London gathered at Parliament Square to advocate for stricter enforcement of laws aimed at preventing the theft and resale of stolen tools.
At Q Underwriting, we understand that experiencing such losses can be highly distressing for our clients. As specialists in providing tailored coverage, we are committed to addressing their specific needs.
Clive Pendrall, Underwriting Manager for our Casualty & Construction Division, offers the following advice to help clients avoid falling victim to these crimes:
Lock Them Up!
Tools are often stolen from vehicles, which are frequently taken as well. Ideally, vehicles containing tools should be stored in a locked building or compound overnight. If this is not feasible, remove the most valuable items from the vehicle overnight.
Hold onto your receipts (like your life depends on it)!
It is crucial to keep purchase receipts as evidence in the event of a claim, ensuring they are in the same name as the insurance policy.
Q Has you covered…
We offer Tools Cover for limits of £1500, £2500 or £5000 per person subject to a maximum sum insured of £20,000.
Protect your clients’ tools today!
To speak to our expert underwriters: call us at 01902 71400 or email us at Liabilitynb@qunderwriting.com
Q Underwriting is a specialist underwriter, providing over 30 niche commercial lines products – all backed by A rated insurers. Specialisms include construction, tradesmen and liability; charities, faith and recruitment; public and private hire, fleet and motor trade; and non-standard property. All our products are underwritten in-house by our experienced team.
To contact Q Underwriting call 01245 967150 or email enquiries@Qunderwriting.com