This will depend on your trade, the type, value and amount of tools you use. Your cover should represent the total ‘replacement as new’ value of all your tools. Various limits are available to suit your business needs.
Check your policy carefully for the single article limit applicable, as this can vary between policies. Superior contracts give up to £1,500 any one item whereas a cheaper policy may have a much lower single tool limit. Make sure you let us know if you have larger equipment so that this can be specified in your policy cover.