open cover policies

Open cover policies are a type of insurance agreement that provides ongoing protection for a wide range of risks across multiple projects or locations, rather than for a single, specific event. They are commonly used by businesses with diverse or fluctuating exposures, offering flexibility and convenience. Instead of purchasing individual policies for each project or asset, the business pays a single premium that covers many incidents over a set period. This approach simplifies management, ensures continuous coverage, and can often be tailored to include various risks relevant to the insured's operations.