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  • Business insurance specialist Superscript has partnered with KYNEKT to create what the two companies describe as the UK's first dedicated tool theft claims solution for tradespeople.
  • Tool theft is one of the most disruptive and costly problems facing UK trades. A van broken into overnight can result in thousands of pounds of losses, days off the tools while replacements are sourced, and, for many tradespeople, a difficult insurance claim process that requires proving ownership and value of tools that were never formally registered.
  • The Superscript and KYNEKT partnership addresses that last part directly. KYNEKT provides a tool identification and asset registration platform, allowing tradespeople to create a verified record of their tools including serial numbers, purchase dates, and valuations. When a theft occurs, that verified record underpins the insurance claim, reducing the scope for disputes about what was owned, what it was worth, and whether it was adequately secured.
  • Superscript's insurance underwriting then wraps around that asset record, creating a claims process designed to be faster and less adversarial than the experience many tradespeople report with standard van or contents insurance.
  • The combination matters because the two weak points in most tool theft claims are precisely what this partnership targets: incomplete proof of ownership, and an insurer with no specialist understanding of what trades tools are actually worth or how they are typically used and stored.
  • ## Why Tool Theft Claims Are Difficult
  • The standard problem with a tool theft claim begins before the theft happens. Most tradespeople do not maintain a formal register of their tools with serial numbers and purchase receipts. When a theft occurs, they are asked by their insurer to list exactly what was taken and prove it was theirs. Without documentation, claims are often disputed, reduced, or rejected on grounds of insufficient proof.
  • A second common complication is the question of where the tools were stored. Many van insurance policies have conditions around overnight storage, approved locking systems, and whether tools were in locked boxes within the van or simply in the load area. KYNEKT's registration system potentially creates a clearer picture of storage practices alongside ownership records, which addresses one of the most common grounds for claim reduction.
  • ## What Tradespeople Should Watch
  • The practical details of how the KYNEKT registration process works, and exactly how it integrates with a Superscript insurance policy, are worth establishing before committing to the system. Key questions include whether existing tool collections can be retrospectively registered, what the registration process involves for a large collection of tools built up over many years, and how the system handles tools without legible serial numbers.
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  • Superscript
  • KYNEKT