| Wrap-Up | |
| There are two types of construction liability policies. In most cases the
general contractor purchases insurance for his project, and each
subcontractor also purchases a policy. If a loss occurs, each policy covers
the liability separately. In a wrap policy, the general contractor's liability policy covers the work of subcontractors who perform services on the job site. Usually larger projects will consider a wrap policy as the cost and administration of tracking insurance will be simplified. Application (PDF)
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