Wrap Up programs are a comprehensive General Insurance project-specific policy that combines coverage normally provided separately by different parties. In WRAP policies all participating contractors and subcontractors avoid having multiple carriers at odds in a claim settlement situation and allow for tighter, more consistent safety procedures.

Wrap-up policies come basically in two distinct types; Owner-Controlled, OCIP and Contractor-controlled, CCIP. Either wrap-up policy allows the owner to spread the risk out among different parties, while more systemically managing risk and providing a single insurance coordinated safety net for every company and individual involved in the project.

The 3 key elements of a Wrap Up Policy are Coverage, Control and Cost Savings.

*No 2 Wrap Up policies are the same. Contact our office with any questions you may have or about a particular risk you are looking at.

** Premiums have come down significantly since the reduction in construction nationwide. This is a great time to have your Owners and Contractors use Wrap Ups to manage risks and save money!

CALL US TO DISCUSS YOUR PARTICULAR CONTRACTOR SO WE CAN GET YOU THE RIGHT SUPPLEMENTAL FOR YOUR RISK!

Traditional Policies (Occurrence Form)

  • $2500 Minimum Premium
  • 23 Carriers to choose from; All A-VI or Higher by A.M. Best
  • Admitted and Non-Admitted Carriers
  • CG20101185 Equivalent
  • Most States Available

Per Project Policy

  • Policy may be tailed for 18 months to 36 months or more
  • Most States Available
  • A+ Rated Carriers

Wrap Up – CCIPs

  • Over 17 A-VIII or Higher Carriers to Chose from
  • Residential Tract Developments
  • Limits – $1/2/2
  • Minimum Premium – Competitive min premium available**
  • Deductible – $5,000 Self-Insured Retention or higher
  • Paper Ratings Available – A VIII or Higher
  • States – All states available