The construction industry is always in-demand but for business owners and construction managers, protecting your crew and your equipment while you’re on the job is your first priority. The best way to do this is with construction wrap-up insurance. This policy works to provide you with comprehensive and complete protection no matter what type of job you’re completing.
What the Policy Does
Wrap up insurance is designed to protect everyone involved in your project from unexpected expenses resulting from accidents, property damage, and any other incidents that occur on the job site. It offers the following benefits:
- Unexpected cost control
- Easy claims process
- Lower litigation expenses
- Workers’ compensation coverage
- General liability protection
- Umbrella insurance
Think of the wrap-up policy as your one-stop shop for all coverage needed to fully protect your business and your employees.
What You Need To Get Covered
Before you can invest in wrap up insurance, you’ll need to provide certain types of collateral. This could be a full-cost down payment for the policy or a smaller cash payment to offset any costs the insurance company may incur when you file a claim.
Once the collateral is in place, you’ll be able to work with your insurance agent to find the best coverage for your needs. Wrap up coverage is the easiest way to protect your operation no matter how big or small your jobs are.