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Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Wrap-Up Insurance

Synonyms:construction wrap-up insurance, project liability insurance, wrap-up liability
Filed Under: insurance
Tags: insurance

Definition of wrap-up insurance

wrap-up insurance
1. An all-encompassing liability insurance policy that covers all employees, including both contractors and sub-contractors, working on a large-scale construction project. Wrap-up insurance can be either owner-controlled or contractor-controlled, and can provide workers compensation, general and excess liability, professional liability, pollution liability, builder's risk, and railroad protective liability.

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