Wrap Up Insurance, Arizona, Nevada, New Mexico

Wrap Up and owner controlled insurance policies are provided by an insurance company through an owner or developer. That policy covers the contractors working on a construction site under one policy.

The Benefits of Having Contractors Under One Policy
Many contractors working on buildings like townhouses, subdivisions and multi-family residences don’t have their own insurance coverage. This can leave the developer with a serious liability for injuries incurred on the job. With one policy to cover everyone on the job site, it reduces the litigation in case a claim is filed by a worker or by the future owner of the property over the construction.

Control of the Coverage Details for Workers
When one insurance company covers all the workers, there’s never a problem with policy exclusions or canceled coverage. The developer has the control over the type of coverage provided to all his workers on the job site. When each contractor has their own coverage, there’s the potential for issues regarding the limits of the coverage provided. Claims are handled more efficiently with one insurance plan covering the entire work site.

Basic Insurance Coverage

  • General Liability
  • Umbrella Liability
  • Builder’s Risk
  • Workers Compensation
  • Commercial Vehicles
  • Property Damage

Safety Programs for All Workers
A primary feature of the Wrap Up Program is one enforceable safety program that will ensure that all workers follow a certain protocol to avoid accidents and damages. All contractors might not have their own safety programs, which can result in injuries. A safe workplace where everyone follows safety procedures results in a construction that is finished on time without injury and delays.

Contractors Who are Eligible
When developers use Wrap Up and owner controlled insurance policies, they expect that contractors will bid on the job without the costs of insurance included. They will be charged for the insurance used by the developer, but the contractor’s insurance can cover the operations outside of the Wrap Up coverage.

Add-On Coverage

  • Pollution Liability
  • Contractors Professional Liability
  • Railroad Protective Liability
  • Builder’s Risk
  • Installation and Contractor’s Equipment Floater

Wrap up and owner controlled insurance policies protect everyone working on the construction site. They’re a great way to ensure that everyone has the same protection too. If there’s ever a claim made against the workers, it can be handled with one policy, and there’s no finger pointing or delayed action.

Gary Hanson
Professional Insurance Strategies, LLC
2822 W. Northern Ave
Phoenix, AZ 85051
3655 W. Anthem Way A109-283
Anthem, AZ 85086
623-463-9001 Fax

What to consider when buying Business Insurance?


Whether you are looking to purchase business insurance policy for the very first time or considering changing your existing insurance policy, think carefully about the policy covers which you actually need for your business. You do not want to pay extra for something you do not need nor do you want to be caught by surprise when you register a claim. Remember that even after you buy insurance, your policy details can be upgraded later on to better meet your policy requirements.

Although premium amount is important, it shouldn’t be the main factor that you take into account when purchasing your insurance. Make sure that insurer is providing you with the covers that you have need for. There may also be more conditions or exclusions on your insurance policy – so even though it appears less costly than the others policies, it may not actually be covering you for what you looking for.

Many insurance providers, particularly on shop insurance, office insurance, provide free additional benefit as standard. It is worth comparing these all to see if any of these are actually good for your running business. For instance policies, most shop, office insurance companies’ offer free frozen food and electronic equipment cover.  This wouldn’t be beneficial for all businessmen.

If you find a chance that you like but you are not very familiar with the company offering the business insurance, it is worth researching the brand by reading user reviews, visiting the company official website and “about us” page, and finding press coverage about the business policy. It is worth asking your family and friends whether they have had any rich experience with the company and what their exact impressions have been, as well as researching other customer’s experiences of the claims types and customer service.

Reviewing your existing insurance– Check your insurance policy now and consider – “does it meet your needs today?” Do you actually need to have Employers’ Liability coverage? Have you got the value of your contents well?

Remember you do not have to get a whole new insurance policy to get a specific cover. You are able to revise your insurance throughout your policy term – so it is good to pay a bit more and be safely covered than to lose out when you make a policy claim.

A good way to evaluate your business insurance policy is to research the type of customers you are doing business now or planning to in the near future. Think properly of the potential business liability you may be exposed to while performing or selling products to the particular group of customers or businesses.

To summarize, it is good to be properly insured than to save a few dollars now but lose out if you make a claim in the near future. Your business is your prime & livelihood, and we want you to look after it.