Is a wrap policy right for your project?

There are a number of factors that can help determine the best coverage for your construction project. While wraps can be incredibly beneficial, they can also be complicated and aren’t right for every project. Your broker should be able to provide guidance. Propel can help you determine if a “wrap” or other creative insurance solutions are right for your project.

Learn more about building a strong insurance program for your next project.

One and done.

As the owner or contractor on a large project, you face a complex set of risks and a world of unknowns. Does everyone involved in the project have sufficient coverage? Are gaps in coverage increasing your risk? Would you like an insurance partner who can provide guidance at every step of your project? A “wrap” program may be worth considering, as it covers all participants in the project under a single, carefully-crafted policy.

Benefits of Wrap Insurance

  • Consolidated coverage
  • Fewer disputes
  • Certainty that adequate coverage limits are in place
  • Elimination of duplication and gaps in coverage
  • Consolidated claims handling process
  • Control over legal liability and adverse publicity
  • Potential cost savings
Construction costs for active projects in downtown Seattle in 2015 were higher than any year prior since tracking began
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