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The Equipment Theft (Prevention) Act 2023 gives more power to the home office to prevent the theft and re-sale of equipment and tools used by tradespeople. Why invest in tool theft insurance? Although it’s never impossible to guarantee you won’t be a victim of tool theft, there are some steps you can put in place to make it less likely. Not only are tools costly to replace. Stolen tools can also reduce your earnings by causing days or even weeks of lost work!

Martin Lewis: Do you have a Power of Attorney? It’s crucial protection – not just for the elderly – and more important than a will The claims experts at Covéa Insurance also recommend creating an inventory of all your tools and equipment. Do you have a Power of Attorney? MoneySavingExpert.com founder Martin Lewis explains how this crucial protection works, why it's more important than a will, and how to get one in the latest episode of ITV's The Martin Lewis Money Show Live. Of course, we hope that your tools don’t get stolen. But if they do, your inventory can help with any insurance claims and police statements. Just make sure to keep it up to date each time you invest in a new tool or add to your collection. As a result, the UK government has passed the Equipment Theft (Prevention) Act 2023. The new law gives more power to the home office to prevent the theft and re-sale of equipment and tools used by tradespeople.

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Breaking into vans to steal tools is a serious issue in the UK, so how can you secure your vehicle to stop this crime? There are lots of different ways you can mark your tools, from painting to metal stamping or etching. Just be sure to use a permanent solution that can’t be easily erased by thieves. 5. Keep an inventory of tools Our article on how van storage systems and organisation can keep your tools safe covers all the essential information you’ll need.

That’s why, although it’s always important to be wary of tool theft, you’ll need to be particularly vigilant against van tool theft at night. There are a variety of different ways you can stop your van from being stolen. If you’re at all concerned about your van being targeted, look into investing in one or more of the below upgrades: NatWest, Royal Bank of Scotland (RBS) and Ulster Bank, which are all part of the NatWest Group, will now shut at least 172 of their bank branches in 2023 and 2024. Peel and steal’ is where thieves put pressure on the door of your van using their knees. They then create a bend in your van door allowing them to break in.

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In other words, you’ll have the protection you need without having to fork out the same prices as other tradespeople. Winning! Lots of tradespeople mark their tools to keep them from ending up in the wrong toolbox on a job. But it can also be a great deterrent for thieves! Aside from this, it’s a good idea to park in a busy area, or one with good lighting and CCTV, as this will be a big deterrent to criminals.

By marking your tools in a bright colour or with your company details, you’ll reduce the possibility of resale, making your tools less sought-after by criminals. Not only that, but if the worst happens and you do fall victim to tool theft, your tools will be much easier to identify if found. In the UK, tool theft is a major source of anxiety for tradespeople. In fact, according to the National Federation of Master Builders, 51% of UK builders have had their tools stolen before.Tools are very expensive and they’re absolutely essential to your day-to-day work. Of course, that means protecting them is a top priority.