Wrap-Up Liability

• Policy form – occurrence
• Policy period – usually for the full duration of the project. A specific period of Products and Completed Operations coverage applies thereafter, usually for a maximum of 24 months
• Capacity – limits up to $15,000,000 for projects in Canada valued up to $250,000,000; With respect to Products and Completed Operations, the limit of insurance is dedicated to the project and applies on the basis of an annual aggregate limit
• Minimum premium – $10,000 for a $5,000,000 limit
• Territory – projects in Canada only

• Coverage can be tailored to the particular project, insuring all project participants
• Broad definition of insured
• Third party exposure coverage for all participants (cross liability clause)
• Remedial work coverage for 365 days following policy expiry

For standard submissions, please send us:

• A Builders Risk and Wrap-Up Liability Insurance application form
• A site plan detailing neighbouring exposures
• A breakdown of values
• A construction schedule
• A geotechnical report

Please send all this information to submitapps.ca@victorinsurance.com

You can also get a quote for Construction Small Projects using V², our commercial insurance portal for brokers. Here, you can quote, bind and issue projects that meet the following criteria:

• Total project cost up to and including $2,000,000
• The project building is of steel on steel or better construction (note that projects on wood frame buildings are ineligible for coverage)
• The project duration is no greater than 12 months