BUSINESS

What Kinds of Risks Are Covered by Wrap-Up Insurance?

Wrap insurance covers a variety of risks for you, your project, and your workers. Policies may include the following:

The broad form endorsement of general liability covers all project liabilities.

Including bodily injury coverage for third-party injuries sustained on the jobsite or as a result of work-related activities by the owner, subcontractor, or contractor.

Additionally, it safeguards outsider property against harm brought about by anybody covered under the approach.

Developers Hazard
Developers risk covers for any water, climate, and fire harms to a structure under development.

In other words, builders risk is similar to property insurance in that it covers buildings that are still in the process of being built.

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