All answers / Cost
How much is tool insurance in NZ?
Indicative $12–$50 per month for a NZ small business, depending on your industry, the cover limit you choose, and your claims history.
Indicative only — not a quote. Tool cover is priced on the total replacement value you declare and where the tools are kept overnight.
Indicative cost by industry
The range above is the low and high of these rows. Figures are indicative monthly premiums for a New Zealand small business, not quotes.
| Industry | Indicative / month | Typical limit |
|---|---|---|
| Electrician | $15–$50 | $10K–$30K |
| Plumber | $12–$40 | $10K–$25K |
What drives the price
- Electrician: Testing equipment + speciality tools. Overnight-in-locked-vehicle clause matters.
- Plumber: Hand tools, drainage equipment, vehicle theft.
Is this a quote?
No. Every figure on this page is an indicative range published to help you budget. SmallBusinessInsurance.co.nz is operated by Evolve Group Limited (FSP711891), a licensed Financial Advice Provider. Business-insurance enquiries are referred to Blanket Advice Limited (FSP1004126), a separately licensed FAP, who provide the regulated advice and place the cover. Your premium is set by the insurer once your business is assessed.
Indicative figures last reviewed 21 September 2026.