Mind the Gaps in Wraps! Risks to Contractors in Wrap Insurance Programs
- April 27, 2023 2:30pm - 4:00pm PDT
Beware of “gaps in wraps”! There is no standard “wrap” or consolidated insurance program (e.g., OCIPs and CCIPs). Issues to consider: Are limits adequate, both for ongoing and completed operations? How strong is the carrier? How broad is the coverage—limiting definitions, inappropriate exclusions? How long will the insurance remain in place—full statute of repose?