Wrap-up insurance is designed for large construction projects where most of the construction participants are wrapped-up and enrolled under the same insurance program. Wrap-up insurance usually takes the form of an Owner Controlled Insurance Program (OCIP) or a Contractor Controlled Insurance Program (CCIP). Typically, wrap-up insurance includes builder’s risk, workers compensation, and CGL (inclusive of excess / umbrella liability) coverage.
Please check out this article for more information on wrap-up insurance.
Please contact David Adelstein at email@example.com or (954) 361-4720 if you have questions or would like more information regarding this article. You can follow David Adelstein on Twitter @DavidAdelstein1.