Construction is the backbone of the Canadian economy – responsible for creating and maintaining the built infrastructure for cities, towns, and communities. 
 

To support this industry the insurance market provides protection in the form of a wrap-up insurance policy that is designed to provide peace of mind to those working in this important sector of the Canadian Economy. 
 

We work with our Broker partners to provide a wrap-up policy that is designed to protect the owner of the project, contractors, and subcontractors. Wrap-up insurance is all encompassing liability policy which is important because it avoids the need for every contractor and subcontractor to obtain their own liability insurance. Thus, reducing confusion if a claim were to occur. The project can commence with confidence that there is coverage in case of an unfortunate accident or injury.
 

Owner-controlled insurance is set up by the owner of a project for the benefit of the builder or contractor to cover all listed contractors. 
 

The general contractor, meanwhile, may use a contractor-controlled insurance program to extend coverage to all the contractors and subcontractors signed up on the project.
 

KEY TAKEAWAYS

• Wrap-up insurance is a liability policy that acts as all-encompassing insurance protecting contractors and subcontractors.

• Owner-controlled insurance is set up by the owner of a project for the benefit of the builder or contractor to cover all listed contractors. 

• A contractor-controlled insurance program extends coverage to all the contractors and subcontractors signed up on the project.

 

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