Insuring tools

There are a lot of other shops that are going through similar issues. One thing I feel like we need to do a better job at is educating both shop owners and the mechanics that work for them on tool insurance.

We cannot always prevent the unfortunate events that happen i. Technicians add to their toolbox throughout their entire career, creating a customized set of tools suited to help them personally do their best work. The cost of insurance would vary greatly depending on a number of factors like gross sales, liability limits, etc. Offering tool insurance can be a great employee benefit for the shops that can afford it, but this is realistically not always an option for the smaller independent shops.

For technicians working at a shop that cannot offer coverage on employee tools, technicians should strongly consider insuring their own tools. However, the cost of insurance is trivial when thinking about the technicians from Antigo who lost their tools in the fire.

To conclude, I really hope that this shows that this can happen to anybody. We work in a dangerous environment. This article was originally published on VehicleServicePros.

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