A Wrap up liability insurance policy is much like a Commercial General Liability policy however it has a broader range of coverage as it extends to all contractors and subcontractors working on a project. The coverage is site specific and will extend to the project owner, project manager, general contractor and the subcontractors working on behalf of the General Contractor. Wrapup Liability offers project specific coverage for Third Party Personal Injury, Third Party Property Damage and Personal Injury.
The advantage to a Wrap Up Liability coverage is that all of the members of a construction project are covered under one policy. The further advantage for a General Contractor or Construction company is that they can purchase a Wrap up liability policy and it will not affect their company General Liability Policy. The policy will act as a protection to keep their company General Liability Policy clear of claims or losses. This is especially helpful if there is a higher risk with a certain project.