Wrap-up coverage is additional insurance coverage originally used to mitigate liability risks on public works and commercial construction projects exceeding $100 million in costs. Usually, one entity — either the owner or general contractor — purchases wrap-up insurance for potential claims arising from the work of all or most of the entities involved in the project.
Wrap ups also are used in other industries as a risk management tool when multiple entities are working together on a major, financially risky project. These industries include Entertainment and Manufacturing. For more information on Gallagher's wrap-up products, visit our construction and entertainment practice areas of the site.