What is typically covered and not covered under wrap-up policies?
Wrap-up policies provide third-party general liability coverage for the insureds’ activities at the project site. Coverage generally includes both bodily injury and property damage protection to non-project property, and completed operations protection for the longest applicable statutory period during which a construction defect claim can be brought. Wrap-up policies typically exclude property damage to the project during construction, economic loss caused by any circumstance, including delay of the project, and most often workers’ compensation liability. This description of coverages and exclusions is not exhaustive. Consult your broker or attorney for a complete explanation of coverages provided and excluded in your policy.
