Wrap-up insurance commonly describes coordinated insurance arrangements for defined project participants and work.
The distinction that matters
An Australian project needs explicit identification of insured parties, contract requirements and the cover actually placed; terminology alone does not establish a complete project program.
What to check
- Check enrolled contractors and activities.
- Review project period and completed-work terms.
- Identify excluded covers and deductibles.
Example to discuss
A subcontractor confirms whether it is enrolled in a project arrangement and which policies it must still maintain itself.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.