About This Product
Implementing a wrap-up or controlled insurance program (CIP) for construction projects is now a common approach for improving project safety, reducing the cost of risk, and ensuring all contractors are covered under a broad liability insurance program.
The Wrap-Up Guide is your go-to resource and will walk you through everything you need to know about designing, implementing, and administering a CIP. This resource gives you a practical, step-by-step road map for sponsoring a CIP. Formatted as a “how-to” guide, the format now follows the chronological order of a CIP implementation timeline making it even easier for you to use.
In addition, CIP participants will find valuable insight that addresses how to make sure the program is structured with a partnership approach that emphasizes fairness to all parties. Fifteen construction risk and insurance professionals contributed to the guide, providing a balanced treatment of the perspectives of both wrap-up sponsors and contractor participants.
The latest update to The Wrap Up Guide also addresses dramatic changes in the world of CIPs, such as the accelerated use of general liability-only programs in commercial and residential projects. You'll also get insight into the use of CIPs for workers' compensation only, pricing of coverage, and market availability.
You'll also receive an additional appendix with state-specific wrap-up information. This summary of current state-specific statutory and regulatory information will be updated annually and you'll automatically receive the new content with your subscription.
Additional updated content includes numerous activity checklists, videos, helpful diagrams, and expanded exhibits. You'll find new chapters addressing contractor insurance costs, structuring a CIP and marketing the project to underwriters, and the process of setting up a CIP, as well as an expanded discussion of potential pitfalls and problems with CIPs.
The Wrap-Up Guide covers these topics and more:
- State-Specific Wrap-Up Information
- Wrap-Up Usage and Terminology
- Benefits of a CIP
- OCIP vs. CCIP Issues
- Wrap-Up Dos and Don'ts
- Issues Important to CIP Participants
- Feasibility Study of Wrap-Ups
- Qualification and Selection of Service Providers
- Bid Documents
- Insurance Cost Tracking
- Insurance Program Design
- Rating and Risk Financing Structures
- CIP Insurance Manual
- Risk Control
- Maintenance of Wrap-Ups
Free Subscriber Newsletter
This valuable resource is included with your subscription at no additional charge.
Electronic Owl Newsletter
Your purchase of the online version of The Wrap-Up Guide comes with a digital copy of the Contractor's Guide to CIPs—a handy reference that provides guidance on 38 issues contractors should consider when accepting coverage through a wrap-up or controlled insurance program.