Introduction
You’ve locked the van, uploaded the kit list and ticked your insurance off your admin list—right? Not quite. In the trades, insurance isn’t just a box to tick—it’s a safeguard that often gets misunderstood. Despite that, myths swirl around what is covered (and what the small print really says). Let’s break down the top misconceptions and make sure you’re genuinely protected.
Background: Why myths matter
- Several UK business-insurance guides list common wrong assumptions that leave tradespeople under-covered. bionic.co.uk+1
- According to industry research: nearly 78% of tradespeople report tool theft, yet many believe their home or van cover has them fully protected. Simply Business UK+1
- Trade community platforms like KYNEKT promote the message “secure the trade” to raise awareness of insurance misunderstandings & prevention habits (see their LinkedIn post).
Main arguments & points
- Myth #1: My home insurance covers all my tools. Many policies exclude business use and severe limits apply. Kingsbridge Insurance+1
- Myth #2: If the van is locked, tools are insured. Not always: many policies still require specific security measures and may exclude thefts when parked unattended.
- Myth #3: More expensive policy = better cover. Premiums may reflect risk, not full protection—check terms like “new for old” vs “market value”. Kingsbridge Insurance
- Myth #4: I don’t need tools cover—just public liability. Correct liability cover doesn’t replace stolen or broken equipment—tools are a business asset.
- Myth #5: My client’s insurance or their site cover protects me. No substitution: your contract and your kit are your responsibility. bionic.co.uk
Practical tips: what you should do
- Read the policy in full: Ask about tools in vans, overnight theft, transit and single-item limits.
- Mark & log your tools: Serial numbers, receipts and photographs make claims stronger and thieves less confident.
- Fulfil security conditions: Install deadlocks, alarms, immobilisers and ensure they’re active each trip.
- Review valuation basis: “New-for-old” is preferable—many trades misinterpret payout terms.
- Keep your policy updated: If your tool kit grows or your risk changes (new van, site type), update your insurance accordingly.
Conclusion
Insurance isn’t just about ticking boxes—it’s about real protection when things go wrong. By dispelling myths, reading your paperwork, and aligning your security plus your coverage, you close the gap between expectation and reality. Trust your gear, but verify your cover. Because being technically insured isn’t the same as being effectively protected.