What is the Definition of Wrap-Up Insurance?
Broad policy coordinated to cover liability exposures for a large group of businesses that have something in common. Might be used to insure all businesses working on a large construction project, such as an apartment complex.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Wrap-Up Insurance?
You can find random definition and meaning of insurance terms below:
What is the meaning of Extra Expense Insurance
a type of property insurance for extraordinary expenses related to business interruption such as a back-up generator in case of power failure.
What is the meaning of Face Amount
the value of a policy to be provided upon maturity date or death.
What is the meaning of Facultative Reinsurance
reinsurance for a specific policy for which terms can be negotiated by the original insurer and reinsurer.
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