A "Wrap Up" is when the owner of a project or prime
contractor assumes responsibility for all of the insurance on a job. This method of covering all of the insurance
for all contractors at one site is safe, legal and cost effective. If you are an owner or General Contractor, imagine the mark up of all of the subcontractors insurance. If you have four or five tiers (or more) of subcontractors, every sub is buying insurance and marking it up in their bid, and every contractor is marking that up as it goes up and up through each successive contract. A Wrap Up eliminates all mark up, puts you in charge of the safety and gives you complete control over the jobsite and your expenses. The Wrap Up sounds simple, and it is, however, administration of the insurance must be done by competent professionals, or it can
ultimately cost you much more than the mark up. Meadowbrook
Insurance Agency has administered over $1,000,000,000 in Wrap Ups. We have the knowledge and the staff to manage your project.
For more information, or to speak with a Representative,
please contact us at: (888) 376-4714
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