Wrap Up Insurance: A Solution for Large Projects

Posted by John Cofini on Mon, Apr 25, 2022 @ 01:55 PM

You’re a contractor on a big project. If something goes wrong, whose insurance is going to cover it: yours, your subcontractor’s or the owner’s? Large, complex projects often have a complicated jigsaw puzzle of insurance of insurance coverages. If the pieces don’t fit together correctly, you can end up with coverage gaps and disputes. Wrap up insurance provides a simplified solution.

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Tags: wrap-up insurance, CIP

Is wrap-up coverage right for your construction project?

Posted by John Cofini on Tue, Mar 18, 2014 @ 02:20 PM

Of all the challenges you face as a project owner or contractor on large construction projects, your New York construction insurance is likely one of your biggest and costliest headaches. With multiple subcontractors, suppliers, and insurance companies involved, you can find yourself dealing with unexpected coverage gaps, lapsed policies, or inadequate limits. And when a claim comes up, things can get complicated and expensive in a hurry.

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Tags: construction insurance, New York construction insurance, New York workers’ compensation, wrap-up insurance, consolidated insurance programs