Types of Wrap-Up Programs Explained

There are options when it comes to wrap-ups. Get a quick overview of the different types of wrap-up programs to best suit your construction project below:

Traditional, Single Site, Wrap-up Insurance Program

Coverages – Work Comp and General Liability
Locations – One Project Site
Sponsor – Owner (OCIP) or Contractor (CCIP)

The Traditional Wrap-up Insurance Program provides coverage for contractors working on a single project site. The wrap-up will provide work comp and general liability coverage with one to multiple excess policies providing higher limits over the primary coverages.

TYPES OF WRAP-UP PROGRAMS EXPLAINED

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Rolling Wrap-up Insurance Program

Coverages – Work Comp and General Liability
Locations – Multiple Project Sites
Sponsor – Owner (ROCIP) or Contractor (RCCIP)

The most common rolling program is the Rolling CCIP. The term “rolling” was coined because as new projects came online, program sponsors could just “roll” them into the current program. General Contractors/Construction Managers purchase a CCIP for multiple projects, in multiple locations, and possibly in multiple states. An owner could also utilize a rolling program for multiple projects at different locations. A true rolling program allows for an enrollment period as long as the projects end by a certain date.

Multi-Site Wrap-up Insurance Program

Coverages – Work Comp and General Liability
Locations – Multiple Project Sites
Sponsor – Owner (OCIP) or Contractor (CCIP)

A Multi-Site Wrap-up Insurance Program is similar to a “Rolling” program, in that multiple project sites can be covered under one program. However, unlike a “Rolling” program, the project sites are specified before the policy is bound.

Maintenance Wrap-up Insurance Program

Coverages – Work Comp and General Liability
Locations – Multiple Project Sites or a Single Site
Sponsor – Owner (OCIP)

A Maintenance Wrap is utilized on for ongoing/continuous construction activities. Facilities such as factories, warehouses and other large industrial buildings require a considerable amount of repairs, renovation and general maintenance. The owner can purchase a maintenance wrap to cover the contractors working on their facilities.

General Liability-Only Wrap-up Insurance Program

Coverage –General Liability
Locations – Rolling, Multiple Project Sites, Single Site or Maintenance
Sponsor – Owner (OCIP) or Contractor (CCIP)

A GL-Only wrap provides general liability coverage to contractors working on a project site with one or more excess policies providing higher limits over the primary coverages. GL Only wraps became fashionable during the residential boom to provide protection against the residential exclusions found on many contractors’ liability policies and to help defend participants against class action suits.  Today, GL Only programs are a popular choice for many types of commercial construction.

Environmental Consolidated Insurance Programs aka Pollution Wrap-up Insurance Program aka “Dirty Wraps”

Coverages – Pollution and possibly Professional Liability
Locations – One or Multiple Project Sites
Sponsor – Owner or Contractor

A “Dirty Wrap” can be utilized when projects require significant remediation or contain other major pollution exposures. These programs may be contractor controlled; however, they are most commonly sponsored by an owner. Also, “Dirty” Wraps can be utilized on a rolling or project specific basis.

Work Comp-Only Wrap-up Insurance Program

Coverages – Worker’s Compensation
Locations – One or Multiple Project Sites
Sponsor – Owner (OCIP) or Contractor (CCIP)

A work comp-only wrap provides worker’s compensation coverage to contractors working at a defined project site.

International Wrap-up Insurance Program

Coverages – General Liability & possibly Auto and/or Marine Insurance
Locations – One or Multiple Project Sites
Sponsor – Owner (OCIP) or Contractor (CCIP)

An International Wrap would be utilized for projects or operations outside the United States. These programs usually do not include worker’s compensation coverage and can be sponsored by a contractor or owner.

Would you like to learn how wrap-ups can make you money and make your job easier? If you’d like to discuss your project with us, please contact us here and we will respond right away.

 

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