Tool collet for securing a hand tool to a tool lanyard

A method of creating a shear across a fastener for a tool collet being attached to a hand tool, the method comprising:

• providing a tool collet for creating a lanyard attachment point on a hand tool, the tool collet comprising:
• a collet body having:
• a first body side,
• a second body side,
• a peripheral body surface extending between the first body side and the second body side,
• a collet through opening, and
• an opening surface,
• wherein the collet body being divided into a first body component and a second body component, and wherein each of the first body component and the second body component are adapted to be fixedly attached to each other, such that the through opening is formed by the first body component and the second body component, and
• wherein at least one of the first body component and the second body component has a first radial through aperture with a threaded portion, the first radial through aperture extending from the peripheral body surface radially inward to the collet through opening, and wherein the first radial through aperture has an axis which is angularly offset to and intersects with a plane,
• wherein the plane transversely bisects the peripheral body surface of the first body component and the second body component of the collet body;
• one or more fastening members that extends between the first body component and the second body component within a fastener opening wherein the one or more fastening members are adapted to securely fix the first body component to the second body component;
• providing a setscrew within the first radial through aperture;
• inserting a portion of a hand tool into the collet through opening;
• securing the first body component to the second body component using the one or more fastening members;
• and
• tightening the setscrew against the portion of the hand tool sufficient to cause the first body component and the second body component to slide in opposite directions transversely relative to the portion of the hand tool thereby creating a shear between the one more fastening members and the fastener opening.