There were only two companies who would cover and that was Hiscox and NFU. we have been with NFU now for years as it is part of the house with a number of expensive jewellery pieces as well on the policy.
A plan called me up recently and mentioned that AXA would insure tools up to a larger amount.
One of the reasons we have stayed with them is because we were burgled about 10 years ago in the middle of the day, alarm went off but no one came to look, now it is monitored. They never batted an eyelid in fixing the damage or replacing the lost items.
Funny story on that , one of the watches stolen was pretty unique and the police said there was no chance of finding them. That night went on Ebay and there was my watch in a pawn shop in Bristol.
Arrests made and suspended sentence given, but none of the sentimental stuff got back. That is why we have stayed as you only know how good a firm is when you need to claim.
I always took my tools home, had a small HA viva van, did not have a Roller cab at that time. Others left their tools. The place was broken into and all tools stolen. It was at that point that they discovered they were not insured at all in the business.
Although I love anything to do with engines, I always said I chose the wrong trade. I wanted my own garage but the cost to set one up was insane and then I got into management so never got there. My mate on the other hand got trained by British gas bought a few tools and a van and made a fortune as a gas engineer and plumber. hardly any overheads and a lot of cash in hand back then, which was nice for him.