Temporary business van company, Tempcover, surveyed 500 UK tradespeople and found that 72% reported they have experienced tool theft either directly or because their van was stolen with tools inside.
The survey also found that more than a quarter (27%) admitted that they have had their tools stolen multiple times.
When asked about the cost of replacing stolen tools, the average financial loss was £3,092.
Of those who had experienced tool theft, 96% said they changed their security habits, including taking tools inside overnight, using lockable toolboxes, and upgrading van security.
28% of respondents said they usually store their tools in a locked vehicle overnight.
More than half of respondents (53%) keep their tools in a locked garage or workshop, 41% store them at home, and 22% keep them on site.
Among those who had never had their tools stolen, nearly half (48%) have not changed their security habits despite the ongoing risks.
More than a quarter (27%) had a dedicated tools insurance policy, while 22% were covered as part of their van or vehicle contents insurance, and 13% relied on home contents insurance.
Smaller numbers were insured through their employer (8%) or another type of policy (2%), and 6% had only partial coverage.
Around one in five respondents (18%) did not currently have insurance for their tools.
Claire Wills-Mckissick, temporary business van insurance expert at Tempcover, said: “Our research highlights that while most tradespeople are concerned about tool theft, many are still leaving themselves exposed.
“Whether it’s your own van, a company vehicle, or a borrowed van with temporary insurance, leaving tools unattended or overnight can put them at risk, and potentially invalidate an insurance claim.
“Simple measures like taking tools inside, using lockable toolboxes, keeping a detailed inventory, and marking equipment, can make a real difference.
“Planning ahead and taking these precautions doesn’t just protect your tools; it can also help prevent costly delays and financial loss.”
