Wrap-Up Insurance. During construction, a wrap-up insurance, such as an owner-controlled insurance program, shall be provided that includes coverage for general liability and excess liability that provides limits of not less than twenty million dollars ($20,000,000) per occurrence, and twenty million dollars ($20,000,000) aggregate.
Wrap-Up Insurance. 1. To the extent that California Civil Code § 2782.95 applies to the Project - Subcontract, Contractor will disclose (in separate document which is hereby incorporated by reference) the cost of wrap-up insurance coverage and wrap-up policy provisions, including (1) Coverage limits, (2) Scope of coverage, (3) Duration of coverage, (4) Basis upon which the deductible or occurrence is triggered by the insurance carrier, (5) If the policy covers more than one Work of improvement, the number of units, if any, indicated on the application for the insurance policy, and (6) A good faith estimate of the amount of available limits remaining under the policy as of the date of disclosure.
