Construction wraps
Creative coverage solutions for construction sites
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Protect your project with comprehensive construction wrap solutions:
Leaders at today’s construction sites are increasingly under pressure to find skilled workers, manage a volatile supply chain and variable material costs, and juggle complex sequencing and timelines. They must also track and manage insurance policies for contractors, vendors, and suppliers, risking disputes between insurance companies over coverage.
There has never been a greater need for comprehensive primary and excess casualty offerings from Munich Re Specialty and its team of construction specialists. Our project-specific and construction wrap-up (OCIP/CCIP) policies, delivered through our network of select wholesale brokers, provide general and excess liability coverage, from project start to finish, under one program.
Munich Re Specialty construction project-specific and wrap-up insurance delivers coverage with distinct advantages that include:
underwriting
Products offered
Owners Interest
General Liability
Limits: Up to $2/4/4M at variable retentions
Excess
Supported Lead $10M
Project Specific
General Liability
Limits: $2/4/4M at variable retentions
Excess
Supported Lead up to $8M
Unsupported Lead up to $5M
Mid/High Excess up to $10M
Wraps
General Liability
Limits: $2/4/4M at variable retentions
Excess
Supported Lead up to $8M
Unsupported Lead up to $5M
Mid/High Excess up to $10M
Appetite overview:
Our appetite varies, but only slightly, between the products offered.
Project types:
- Offices, office parks, manufacturing plants, logistics, distribution, higher education, and similar
- Unique commercial type projects such as pharma/biotech, food and beverage plants, data centers, geothermal/solar/biomass, and water/wastewater treatment plants
- Multi-family apartments
- Infrastructure projects (primary and at a $15mn minimum attachment for excess)
Frequently asked questions:
Learning more about our construction wrap products