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Application for Split Coverage Wrap Up Kentucky Kentucky Form

Application for Split Coverage Wrap Up Kentucky Kentucky Form

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welcome to wrap-ups 101 a fun informative crash course on wrap-up Insurance programs before we get into wrapup Insurance programs let's take a look at the traditional approach used to ensure construction projects at the top of the diagram is the developer or owner they are carrying their own insurance below them is the general contractor or construction manager with their own insurance below the GC are the prime trade contractors and Below them their subcontractors all carrying their own insurance as you can imagine all of these different coverages and coverage providers create the potential to cause major issues some contractors will have inadequate limits gaps in coverage or there may be some contractors without coverage at all also because there are so many insurance companies covering one project every claim has a potential of cross litigation which we will explain later in the presentation but we're here to talk about wrapup insurance programs so let's get

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