What's Wrap-Up Insurance and What can it cover?

1. What's Wrap-Up Insurance and What can it cover?

2. Wrap-up insurance is the ideal liability policy that covers everything you want for your business If you are primed to take on significant projects, you should consider wrap-up insurance

3. Basic Types of Wrap-up Insurances 1. Owner Controlled Insurance Program (OCIP) The contractors and other subcontractors are insured under the policy

4. 2. Contractor Controlled Insurance Program (CCIP) The contractors control and sponsor the policy; other members are insured under this policy

5. Understanding Wrap-Up Insurance Your wrap-up insurance policy provides blanket coverage, protecting contractors and owners Everyone involved doesn't have to worry about what isn't covered and what is covered under their policies

6. A wrap-up insurance policy avoids potential gaps between a separate policy With one all-covering policy, everyone reduces their risk and have more than sufficient coverage

7. What Wrap-Up Insurance Can Cover The Commercial insurance policy covers all forms of add-ons, such as General liability Excess liability Pollution liability Professional liability Builder's risk Railroad protective liability

8. General Liability with a Broad Form Endorsement encompasses bodily injury in opposition to third- party injuries on the site Builders Risk covers water, fire, and weather damages during construction

9. Umbrella Liability offers complete coverage over your general liability policy with higher limits Workers' Compensation for injured workers enrolled with contractors or subcontractors on the project

10. Commercial Vehicle insurance for trucks, cars, or specialty vehicles to cover liability claims and property damage