never worked with a company that did anything about tools outside of a tool account that deducts X number of dollars a week out of the pay check. but that was only one company that did that.
none of them had any kind of insurance.
i have checked into getting my own tool insurance a few times and its deffinately not cost effective. the last quote i got was about four weeks ago and that was 86 bucks a month to cover 10k
not worth it IMO i'll just replace whatever is stolen or lost.