A wrap-up insurance exclusion is a list of specific risks or coverages that a wrap-up insurance policy specifically excludes from its coverage.
The risks or situations that are not covered by the policy are outlined in these exclusions, which may necessitate separate insurance policies or endorsements.
A comprehensive insurance policy used in construction projects is wrap-up insurance.
Under a single policy, it covers all of the project’s contractors and subcontractors.
It makes getting insurance easier, saves money on administration, and could save a lot of money.
For the duration of the project, the policy typically covers general liability, workers’ compensation, and excess liability.
