Tag: Wrap-Up Insurance
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Wrap-Up Insurance: Meaning and How It Works
If you are working on a large construction project, then getting a wrap-up insurance policy is the ideal option. This type of insurance policy protects everyone involved in working on a project. Wrap-up insurance covers multiple parties by adding several policies into one. With a wrap-up policy, there is no need to buy individual policies…
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Controlled Insurance Program
A controlled insurance program, also known as wrap-up insurance, provides comprehensive coverage for construction projects. It allows contractors and project owners to consolidate various insurance coverages into a single quote for all eligible parties involved. Furthermore, CIPs help policyholders minimize liability across contractors and subcontractors. In essence, if you’re involved in a construction project, a…