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Once you’ve properly defined the risk being considered for a Wrap-Up, you’ll work with your broker to develop a marketing submission that will be distributed to the carrier’s underwriting team. The marketing submission tells the “story” of the project and ultimately determines if the carriers will accept the project and provide a quote.
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A Wrap-Up is an incredible tool that manages the risk presented by a construction project. This tool also returns a significant part of the project cost back to your bottom line. But is it right for every project?