The Hartford Financial Services Group Inc. has expanded its construction wrap-up capabilities to create integrated insurance programs designed specifically for major infrastructure projects.
Wrap-up programs allow developers, owners or general contractors to provide and coordinate insurance for all subcontractors on a project by combining coverage into a single program for the duration of a job.
The Hartford has developed an approach to public-private partnerships that integrates insurance protection, loss control and claims services in a single program that is focused on minimizing gaps and reducing questions regarding coverage for the different properties involved in these projects.
The Hartford offers wrap-up capabilities for major construction projects, including:
o New, expansion or renovation projects or maintenance work
o Private or public projects such as manufacturing facilities, highways and bridges, power plants, pipelines, hospitals, universities, stadiums, arenas, casinos, transportation hubs and shopping malls
o Single or multiple project sites
o Owner-Controlled Insurance Programs (OCIP) for project owners and Contractor-Controlled Insurance Programs (CCIP) for general contractors.