understanding financial jargon
Tools and Equipment Insurance
Tools and equipment insurance covers loss or damage to tools and equipment owned by you, hired/borrowed by you, or your employees tools if they used them in performing their duties for your business. 'Tools and equipment' are those that are usual to your trade and this does not cover office equipment, mobile phones or other personal electronics equipment.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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