What does Maintenance Wrap Up mean? Read on to discover the definition & meaning of the term Maintenance Wrap Up - to help you better understand the language used in insurance policies.
Maintenance Wrap Up
An ongoing wrap-up for contract work on operating facilities. The common insurance program remains in place indefinitely, and contracted work is simply added as it occurs. Also known as a "controlled insurance program (CIP) for operations" (CIPO), "perpetual wrap-up," or "gate wrap-up." These programs are almost always owner controlled.
We hope the you have a better understanding of the meaning of Maintenance Wrap Up.