Project Coverage Methods: Traditional Insurance vs. CIP

image credit: Indypendenz/shutterstock.com

Providing insurance for a Construction project can seem overwhelming at times! Basically, there are two options: the Traditional Insurance Approach and a Consolidated Insurance Program (CIP) also known as a Wrap-Up. So how can you be sure that you are properly protected?

Read More

Topics: wrap up insurance, Wrap-Up, Traditional Insurance, CIP Insurance

What are Insurance Rate Pages and Why do You Need Them?

 

image credit: PORTRAIT IMAGES ASIA BY NONWARIT/shutterstock.com

When starting a new Wrap-Up project, you'll need to provide copies of your insurance rate pages; but how do you find this information? Here's what you should know about your insurance rate pages and why they are important. 

Read More

Topics: wrap up insurance

3 Reasons Why Wrap-Up Programs Benefit Trade Contractors!

 

image credit: Indypendenz/shutterstock.com

Construction is on the rise!  Not only is there an increase in new construction jobs; the volume has gone up as well.  Due to the increase, Owners and General Contractors (GC) are opting to implement more Controlled Insurance Programs (CIP or Wrap-Up) than ever before. Rumor has it that Wrap-Up’s only benefit the Owner and the General Contractor, but what about the trade contractors?

Read More

Topics: wrap ups, wrap up insurance

3 Tips on When to Close your Wrap-Up Contract!

image credit: Camp1994/shutterstock.com

If you are working on a Wrap-Up, it can be hard to know what to do when you have finished your work. Here are some tips to help! 

Read More

Topics: wrap up insurance, wrap-up payroll

4 Tips About Wrap-Up Payroll!

image credit: TheaDesign/shutterstock.com

Typically, Wrap-Up programs require subcontractors to submit payroll for work done on a project site. Below are 4 tips on submitting payroll on a Wrap-Up!

Read More

Topics: wrap ups, wrap up insurance, wrap-up payroll

What is a Controlled Insurance Program?

image credit: Lucie K/shutterstock.com

The phrases CIP or Wrap-Up have become buzz words in the construction industry, but what do they really mean?

Read More

Topics: wrap ups, wrap up insurance

Subscribe to Weekly Blog Email Updates

Recent Posts

Posts by Topic

see all