05-01-2023 17:50 via electricalcontractingnews.com

Tradespeople are protecting the cost of their vans, but not the tools inside

While tradespeople seem reluctant to insure their tools, they’re not against insuring the value of their vehicles. GAP insurance was taken on by just 55% of van drivers.
Tom Roberts, LCV specialist at Vanarama, says, “These low figures of tool insurance uptake paints a concerning picture for tradespeople. Our internal data suggests that van drivers are happy to protect the overall cost of the van, but few worry about investing in protecting their tools – the very items they nee
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