Boy oh boy... could you imagine them paying replacement cost on stolen equipment? "Um, Mr. Agent - my back pack blower got stolen off my truck.... I need a new one!" Talk about an invitation for insurance fraud.
You're better to keep your own "insurance" fund in your bank account. The grand a year you'd pay or more, could be invested into CD's etc and give you some return, seeing as you most likely won't need it. In the past eight years off of three crews, we've lost more things than we've had stolen (I'm embarrassed to admit). We've had a line trimmer and a back pack blower stolen - that's it. I've heard of guys having whole trailers stolen (truck maybe too!). I guess being aware of what's around you and keeping a guy in the front of the property at "all" times has kept this problem to a minimum.
Lawn Lad, Inc.