1) SSMS Tools Pack. Not free, but you get WAY more than you pay for! Tell Mladen I sent you. 🙂
2) util_generate_inserts. OLDIE BUT GOODIE, and I still use it regularly.
http://vyaskn.tripod.com/code/generate_inserts.txt
http://vyaskn.tripod.com/code.htm
Best,
Kevin G. Boles
SQL Server Consultant
SQL MVP 2007-2012
TheSQLGuru on googles mail service