Commercial Coverage
Commercial Coverage
Construction Wrap-Up or Controlled Insurance Programs are defined by The International Risk Management Institute as “A wrap up or a controlled/consolidated insurance program is a centrally procured and managed insurance and risk control program implemented for a construction project or a series of projects.” These programs can be divided into two categories: Single Programs and Rolling Programs.
Comprehensive Protection
Wrap-Up Construction Insurance offers an all-in-one solution to protect large construction projects, ensuring that all parties involved are covered under a single, unified policy. This specialized coverage is crucial for managing complex, high-value projects.
Standard construction wrap-up program coverage generally consists of workers’ compensation, general liability, and excess liability. Because every project is unique, it is a good idea to consider other coverages you may need for better risk management, including:
General Liability Coverage typically only covers general liability and excess liability but often excludes other important insurances, such as:
Our experienced team can assist you in determining what coverage you need to best protect your project, yourself, and your subcontractors. Contact us to get more information about tailored Construction Wrap-Up insurance.
While construction wrap-up insurance protects owners, contractors, and subcontractors, there are some people that are not covered, including:
It is important to know who and what are covered in your insurance policy so that you can understand your risk exposures. We can help you identify potential exposures and tailor insurance coverage to provide important protections that minimize your risk.
Construction Wrap Up Insurance protects owners, contractors, and subcontractors against third-party exposures valued in the realm of $5 million or more. Construction insurance is complex and our highly experienced and knowledgeable team can assist you in ensuring you have adequate coverage, eliminating duplication or gaps in coverage. Every construction job is unique and Construction Wrap-Up insurance is job-specific coverage that lasts for the duration of the project and provides identical, sweeping protections for all contractors and subcontractors involved in the project. With Construction Wrap-Up insurance, you will enjoy broader and better protection while streamlining loss control and claims management. A good construction wrap-up program should offer three important advantages:
Our knowledgeable staff has decades of experience in the construction industry and knows how to help you tailor a program that fits your needs and provide the coverage you want. Get in touch to learn more about the benefits of Construction Wrap-Up Insurance.
Additional Perks
We believe modern digital solutions make workplaces efficient and fast-paced, while some projects still need human interaction that cannot be replaced by a digital portal. We pride ourselves on our dedicated staff who are always looking to help your business and create solutions that solve your needs, because we understand that your needs are unique. At RRM we believe you’re more than just another number in our book, you’re a business partner, one we know we can keep for life.