Consolidated insurance program definition
Consolidated insurance program means a program
Consolidated insurance program means a program under which a principal provides general liability insurance coverage, workers' compensation insurance coverage, or both that are incorporated into an insurance program for a single construction project or multiple construction projects.
Consolidated insurance program means a program of liability or workers' compensation insurance coverage, or both, that is established by an owner or contractor who contractually requires participation by contractors or subcontractors who are engaged in work required by a construction contract. Consolidated insurance program includes coverage programs that are for a fixed term of coverage on a single construction site or project or multiple projects, and a wrap-up insurance program. A consolidated insurance program does not include surety or builders' risk.