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Protect Your Aerospace Tooling Assets
In the aerospace component manufacturing sector, tools, dies and specialist tooling represent a significant investment essential to operational success. Damage, theft or loss of these tools can cause costly production delays and potential contract complications. Insure24 offers comprehensive insurance policies specifically designed to safeguard your tooling assets against such risks, ensuring your business remains resilient and productive.
With our industry expertise, we tailor policies that cover a wide range of tooling types—ranging from precision jigs and fixtures to bespoke cutting dies—delivering peace of mind and financial security for your manufacturing operations.
Why Tools & Specialist Tooling Insurance is Vital
Your tooling assets are the backbone of your aerospace manufacturing business. Accidental damage, fire, theft, or equipment breakdown can interrupt production, leading to costly downtime and client dissatisfaction. Having dedicated tooling insurance ensures you are protected from the high costs of repair or replacement and helps maintain smooth business continuity.
Our policies also include coverage for tools while off-site or in transit, reflecting the dynamic nature of aerospace component manufacturing projects where tooling may be moved between locations.
What Our Tooling Insurance Covers
Our tooling insurance policies provide broad protection tailored to aerospace manufacturing tooling. Key features include:
- Accidental damage, theft or loss of tools and dies
- Cover for tools whilst on-site, in transit, or off premises
- Replacement costs for specialist and custom-engineered tooling
- Business interruption cover due to tooling loss or damage
- Portable tools and small plant coverage included
- New for old replacement for damaged tooling
- Cover for professional fees and costs to recreate dies
- Flexible policy limits matched to tooling value
- Cover for consequential loss arising from tooling claims
- Optional coverage extensions available on request
Common Risks to Aerospace Tooling
- Fire or smoke damage in workshops and storage areas
- Theft or burglary from factory or premises
- Damage caused during transport or delivery
- Mechanical or electrical breakdown of specialist equipment
- Incorrect handling leading to accidental breakage
- Natural disasters including flooding and storms
- Vandalism or malicious damage
- Loss of unique or custom-built tooling parts
- Opportunistic theft during manufacturing downtime
- Damage to tooling caused by power surges
- Errors during installation or removal leading to tool damage
Why Choose Insure24 for Your Tooling Insurance
Choosing the right insurer can make all the difference when protecting vital aerospace tooling. Here's why Insure24 is a trusted partner:
- Industry expertise with a focus on aerospace manufacturing
- Access to leading insurance markets with competitive pricing
- Flexible policy structures tailored to your tooling values
- Rapid claims handling to get you back to production quickly
- Dedicated account managers with specialist knowledge
- Comprehensive coverage options including business interruption
- Transparent advice to ensure you understand your policy coverage
- Proactive support throughout the policy lifetime
How to Get Tools & Specialist Tooling Insurance
Securing the right tooling insurance is a straightforward process. Our experienced team will guide you through every step.
- 1. Request a Quote – Provide basic details about your aerospace manufacturing operation and tooling inventory.
- 2. Coverage Review – Discuss your bespoke insurance needs with our experts and consider optional extensions.
- 3. Policy Customisation – Tailor coverage limits, excesses and terms to your tooling values and risk appetite.
- 4. Policy Purchase – Secure your insurance with straightforward documentation and immediate confirmation.
- 5. Ongoing Support – Receive expert claims support and risk management advice throughout your policy period.
Get Your Quote Today
Contact Insure24 on 0330 127 2333 or use our online quote form to obtain a competitive tailored quote for your tooling insurance needs. Don’t leave the protection of your essential assets to chance.
FREQUENTLY ASKED QUESTIONS
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What exactly does tooling insurance cover?
Tooling insurance covers the accidental loss, theft, or damage to your tools, dies, jigs, fixtures and specialist tooling used in aerospace manufacturing. This includes coverage for costs to repair or replace them, as well as consequential losses such as business interruption caused by tooling claims.
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Are tools covered while being transported or off-site?
Yes, Insure24 tooling insurance can extend cover to tools and dies while in transit, temporarily off-site, or at client premises. This ensures protection for tools regardless of location, subject to policy terms.
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Is business interruption included if tooling is lost or damaged?
Yes, we offer business interruption cover which compensates for lost income and ongoing expenses when tooling damage or loss leads to manufacturing downtime or delays.
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How do I determine the value of my tooling to insure?
Valuing your tooling includes considering replacement costs, any custom engineering or tooling fabrication expenses and associated professional fees. We can assist you in accurately assessing these values during your quote process.
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What should I do if my tooling is damaged or stolen?
Notify Insure24 immediately on 0330 127 2333. Our claims team will guide you through the required steps, help arrange assessments, facilitate repairs or replacements, and support your business interruption claim if applicable.