Wrap Ups, Wrap up Insurance Programs
A wrap-up is an insurance program that "wraps up" certain insurance, safety and claims management strategies into a seamless, cost effective program, which protects the owner and the participants in the project.
Rather than the owner, construction manager, contractors and subcontractors of all tiers each providing their own insurance for the construction project, one group of policies is purchased to cover all participants. Workers Compensation, Builders Risk and Commercial General and Excess Liability are the most common coverages included in a wrap-up. Pollution Liability, Professional Liability and various other coverages can also be purchased.
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