Wrap Up Liability

Wrap Up (Wrap-Up) Liability is for the liabilities that may arise from the work of the subcontractors or the general contractor. It brings together the liability risks of the project in one policy that specifically includes the general contractor and the subcontractors. This insurance policy is provided by the owner of the project.

The insurance answer
If your business does work under wrap up liability then it reduces your risk. The risk is reduced because your policy coverage will only come into play when the wrap up liability coverage is used up. This will save you money so it is a good idea to provide this information to your broker or agent.