Tools of the trade – why insurance isn’t enough in the face of rising tool theft
Trade tools are more than just equipment; they’re a tradie’s livelihood. Yet, these high-value and easily portable items are becoming prime targets for thieves. A staggering 29,000 tools were stolen from Victorian tradies in the 12 months leading up to March 2023, costing a massive $20 million annually, according to the Crime Statistics Agency. It’s a worrying trend that not only impacts the pocket, but also disrupts work and impedes relationships with clients and employers.