Helpful Tips to Help You Enroll in a Wrap-Up Policy
When you work on construction projects, you may find yourself working on one covered by wrap-up insurance. In turn, you may have to enroll in the program yourself in order to reap the benefits of the coverage. If you’re not sure where to start, check out these useful tips that make enrolling in a wrap-up simple.
- Follow the Instructions
When your contract has been confirmed and your details have been submitted to the project’s wrap administrator, he or she will send you an email or letter about enrolling in the wrap-up program. This letter will contain instructions on how to do so, and you can always ask the wrap up administrator questions if you are unsure.
- Wrap Up Each Time
Keep in mind that multiple contracts mean multiple enrollments for your wrap-up. Although it depends on the program, in general, separate enrollment information is needed for each contract your company has been awarded on a project.
- Confirm Your Subcontractors
If you’re required to enroll in the program, remember that all of your lower-tier subcontractors must also enroll prior to beginning work on the site. Gather the following information you will need during enrollment:
- Subcontractor name
- Contact details
- The contract value
- The start date
- Type of work
Whether you’re looking for wrap up insurance or individual insurance, we can help. Contact a team representative at Nahai Insurance Services to discuss the most reliable insurance solutions for you and your project.
