Wrap-Up Insurance

Updated: 09 June 2023

What Does Wrap-Up Insurance Mean?

Wrap-up insurance is a liability policy that covers all liability exposures for a large group that has something in common. For example, wrap-up insurance can cover various businesses working together on a special project for losses due to the work.

Insuranceopedia Explains Wrap-Up Insurance

A wrap-up policy consolidates, or “wraps up,” insurance coverage for multiple general and subcontractors working on a project into one program that a single sponsor negotiates, purchases, and manages. Two variants exist: owner-controlled (in which the owner is the sponsor) and contractor-controlled (in which the general contractor is the sponsor). The consolidated policy often includes a number of different types of policies, such as general liability insurance, excess liability, worker’s compensation, and builder’s risk coverage.

A construction wrap-up program can insure either a single project or, in the case of a “rolling wrap-up,” several designated projects.

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