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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.

 

Please click the link below, for new business or renewal, complete the form and mail to Submissions@uniquerisks.com