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WRAP Insurance Program

Recent Successes:

62 Unit Apartment (Prefab Construction) - $11MM Construction cost

2 Single Family Homes - $10.5MM Construction cost each

 

Condominium Build with GL & Pollution - $19MM Construction cost

Single Family "Tract" Development - $30MM Construction cost

Project Specific PL Policy for Architects/Engineers - 42 Unit Townhome Build - $17.5MM Construction cost - $1.3MM Design fees

2 Building Townhome Build - $2.5MM Construction cost

WestPac/Virtus Roadshow
 
Starting in 2019, our WestPac/Virtus marketing team is hitting the road as we look to grow new relationships and expand our geographical reach. 
 
We're initially targeting Boise, Phoenix, Reno and Kansas City. Look to hear from Alexandra or Steve as they are in your area, or reach out to them for an appointment!

Introduction
Today's restrictive General Liability Insurance climate requires creativity when working with new construction developments. WestPac has the knowledge and experience to quote a WRAP for any construction project and would love to assist Independent Agents with their construction Developers/GCs.

Program Highlights
  • 12 to 48 month policy terms - options for the policy to respond to project "phases"
  • Ability to write the WRAP as an OCIP or CCIP
  • Integrated risk management partners for third party administration and QA/QC services
  • Low minimum premiums
  • Multi-family projects are highly desired - most subcontractors have multi-family exclusions
  • Our carriers are nationally recognized as industry leaders
  • Pollution WRAP policies, Builder's Risk, and Excess Liability also available
  • Residential and commercial projects are accepted including Condominiums, Townhomes, "Tract" Homes, Single Family Custom Homes, Apartments, Commercial Retail/Office, Storage Facilities, Infrastructure, and Energy Projects
  • Rolling WRAP programs available
  • Various deductible/SIR options available

 

Why Choose a WRAP
  • Assured coverage for all subcontractors
  • Common goals shared by all subcontractors - cooperative risk management, safety, and quality work
  • Completed Operations extended to statute of repose
  • No fault allegations to be determined in the event of a loss
  • One defense representation in the event of a loss
  • Subcontractor premium recovery - Owner/Contractor doesn't need to cover the total premium cost
  • Third-Party Administrator services ease troublesome subcontractor contract coordination



Contact Us
Click here for an application
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