Peak season for tool thefts is here

  Posted by: electime      2nd October 2024

• Tool thefts peak in October and November, as the nights grow longer and days shorter
• Tool thefts recorded in October were 46 per cent higher than in April (the lowest month for recorded thefts) last year
• Tool theft from vehicles was 54 per cent higher in October than in April

October and November are the peak months for tool thefts according to a new analysis1 by Direct Line business insurance. In both 2022 and 2023, tool theft peaked in these winter months, as the clocks changed and the nights drew in.

The analysis shows that reports of tool theft were 46 per cent higher in October 2023 than in April 2023, which was the lowest recorded month for tool theft. The rise in thefts is even higher when looking specifically at tools stolen from vehicles, which were 54 per cent higher in October 2023 than in April of the same year.

Direct Line business insurance’s research2 shows tools worth £98 million were stolen from tradespeople in 2023, with a theft reported every 12 minutes. When there are fewer hours of daylight, the opportunity for theft increases, which is why tradespeople are encouraged to review their tool security and stay extra vigilant.

Alison Traboulsi, Product Manager at Direct Line business insurance commented:

“Tool theft is hugely disruptive and stressful for tradespeople, alongside having to replace tools, tradespeople lost an estimated £82 million worth of jobs last year due to tool theft2. With police force data showing that thieves exploit the longer nights to steal tools, now is a good time to review security and make any necessary changes; from installing additional locks and alarms to checking you have adequate insurance should you become a victim of tool theft.”

For more information about Direct Line’s tradesperson tools cover, please visit our website: https://www.directlineforbusiness.co.uk/public-liability-insurance/insurance-for-tools