A wrap-up policy consolidates (or “wraps up”) insurance coverage for multiple general and subcontractors working on a project into one program negotiated, purchased and managed by a single sponsor. That sponsor can be either the owner (owner-controlled insurance program) or the general contractor (contractor-controlled insurance program).
Construction Wrap-Ups typically provide a broad range of project-related insurance coverages, including workers’ compensation and employer’s liability; general liability; excess liability; builder’s risk; pollution liability; professional liability; and subcontractor default insurance.
Aon offers services specifically tailored for wrap-ups, including:
Aon also offers industry-leading software systems to help oversee large construction products, including AonWrap®, a fully integrated Risk Management Information System (RMIS) that provides all the storage, retrieval, and data dissemination resources crucial to the effective administration of wrap-up insurance programs.
AonWrap® handles all aspects of wrap-up program administration and processing, including:
For contractors, project owners, and developers, Aon is the market leader in owner and contractor wrap-up programs as well as surety bonding and other homebuilding insurance products and risk assessment services. We field the largest and most trusted network of construction experts anywhere in the world - a team of professionals covering every major sector of the industry.
Clients rely on Aon to protect their business from the ground up.
For more information on Aon’s Wrap-up insurance programs please expand the request more info form and let us know how we can help you.