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AUDIO NEWS: Tool theft costs tradespeople £99m and 90% of new homeowners would recommend their builder

The average value of tool theft insurance claims jumps by 24%, 90% of new homeowners would recommend their builder, and WIT conference to take place in July

The average value of tool theft insurance claims has jumped by 24% since 2020 — that’s according to Simply Business.

Tool theft cost tradespeople £99 million last year.

Of those that have been robbed, 94% never recovered their stolen tools.

In the survey of 600 tradies, over 75% admitted that tool theft was a constant worry, raising concerns about the industry’s mental health.

Analysis of claims’ data illustrated that while whole van theft had fallen since 2023, van break-ins and subsequent property damage had risen.

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Over 90% of new build homeowners would recommend their builder, claims a survey from the HBF.

Even though most customers report issues with their new home, 20% said there were fewer problems than expected, and many were very minor, such as paint drips.

The trade body’s customer satisfaction survey pushes back against commonly voiced concerns about the quality of new build housing.

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The Women Installers Together conference will take place in London later this year.

Tradeswomen from all sectors are welcome at the event to share their experiences, and network.

Bonita Norris, the youngest person to reach both the summit of Everest and the North Pole will be this year’s headline speaker.

To register for the event click here.

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