WRAP programs are a comprehensive General Insurance project-specific policy that combines coverage normally provided seperately 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 in two flavors: owner-controlled and contractor-controlled. Either wrap-up policy allows the owner to spread the risk out among different parties, and provide a single insurance safety net for every company and individual involved in the project.
| Limits | $1/2/2 |
| Minimum Premium | Competitive minimum premium available |
| Deductible | $5,000 Self-Insured Retention |
| Paper Ratings Available | A VIII |
| Territories |
All states except California & New York |
| Coverage Form | ISO CG 00 01 1998 edition |