Tools Insurance - Toolshield
As far as we are aware Jarretts’ Toolshield policy is the only one available in the UK. We can cover your tools anywhere in the UK*, 24 Hrs a day if required. We can even insure them in your car/van overnight subject to an alarm being fitted.
The policy cover includes replacement as new and gives valuable protection for your important tools, without which you could not continue to trade. As the cover is new for old you do need to insure for the full replacement cost of all your tools at today’s prices.
Whether you are employed or self employed we can arrange the cover for you. If there are a number of you at your place of work, we can arrange discounts for groups or where special security features are in place.
Premiums start as low as £82.50 a year and payments can be spread over 2,3 or even 12 months.
* Excluding N.Ireland
Policy Excesses
The only excesses are as follows:
All Trades except Motor Trade
The first £250 of each and every claim arising from theft from unattended vehicles will be excluded”
Motor Trade
The first £100 of each and every claim arising from theft will be excluded if the occupation is within the motor trade.
No Claims Bonus
If you do not claim under the policy for at least one year then a 15% no claims bonus will be allowed from the renewal premium.
Demands & Needs
The Toolshield policy is suitable for those who wish insurance protection for their business Tools, to protect their financial interest. Cover is provided for loss or damage to your tools subject to the policy terms and conditions which are available on request. Advice on the products features and benefits will be available however Jarretts Plc will not provide you with any recommendations or advices about whether this product fulfils your specific insurance requirements. The policy is underwritten by Fortis Insurance Ltd and they are the only insurer approached and only one single quote obtained.
Data Protection Act
The Company may use information held to contact the Insured about this policy. Information may be used by the Company, other companies in the Fortis Group, and by our Agents and service providers acting under our instructions for the purpose of arranging and handling the Policy and to make sure claims are settled effectively.
The Company may use the information for research, marketing and statistical purposes but the information will not be used or passed to any other person for the purposes of marketing further products or services to you. The insured should ask for permission of anyone who has an interest in property insured under this Policy for us to use the information in this way. The Insured can ask for more information on this.
Cancellation
The insured may cancel the Policy within 14 days of receipt of the Policy Schedule and Wording by writing to us to confirm cancellation. In the event of such a cancellation the Insured shall be entitled to the return of a proportionate part of the last premium paid in respect of the un-expired period of insurance.
The Company is not bound to renew this policy and may cancel this policy at any other time by sending seven days notice in writing to the Insured by registered letter or recorded delivery to the last known address it has. In the event of such a cancellation the insured shall be entitled to the return of a proportionate part of the last premium paid in respect of the un-expired period of insurance.
Just print the Proposal Form page here, then complete it and forward to Jarretts Plc with the premium in order for cover to be considered by the underwriters but no cover is in place until confirmed to you in writing by ourselves.
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