The TSIB Team

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Recent Posts

Say What? When Insurance Terms Sound Humorous

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Topics: Construction Insurance

Is Enrolling in a Wrap-Up Optional?

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You’ve been awarded a contract on a project that is being covered by Controlled Insurance Program (CIP), or more commonly known as a Wrap-Up. The Owner or General Contractor are requiring you to enroll into the Wrap program. You have your own corporate insurance. Do you need to enroll in the program?

The short answer is yes. While there is a limited list of trades that are usually excluded from a Wrap program, most trades are required to participate, making enrollment a requirement. You can always refer to the project’s Wrap manual for the excluded trades on that project. These excluded trades are typically: 

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Topics: Wrap-Ups, Wrap-Up Administration

AI and How It Can Be Used in The Construction Industry


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AI, or Artificial Intelligence, is a form of technology that is built to mirror the human mind. AI is focused on taking basic human functions such as the abilities to learn, reason, communicate, and process information to form intelligent and efficient responses in a timely manner.

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Topics: Construction Risk Management, Construction Trends

Builder’s Risk Update: S. Capitol Bridgebuilder V. Lexington Ins. Co.

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In recent years, large Builder’s Risk policies have included coverage terms from the London Engineering Group (LEG) that expand coverage by redefining how the policy will pay for claims involving construction defects. The broadest of these endorsements is called LEG-3 which excludes coverage only for the cost of the insured to improve the original material workmanship design, plan, or specification.

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Topics: Claims, Construction Trends

Do I Need a Standalone Terrorism Policy?


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Standalone, private terrorism policies from insurance companies have become an alternative to TRIA and have gained in popularity over the past decade. This coverage is a specialty policy that covers losses due to terrorism.

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Topics: Construction Commercial Insurance, Terrorism

Construction Inclusion Week 2023



TSIB along with various other Brokers, General Contractors, Trade Partners, etc. is gearing up for the annual Construction Inclusion Week (CIW). This virtual event will take place from October 16th through October 20th, 2023.

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Topics: TSIB Community, Construction Trends, Diversity Outreach

What is Terrorism Insurance?


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Terrorism insurance provides businesses with protection against the unpredictable nature of a terrorist attack. An act of terrorism can occur anywhere and at any time.

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Topics: Construction Commercial Insurance, Terrorism

Importance of Rate Pages when you enroll in a Wrap-Up


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When your company starts working on a Wrap-Up, it’s helpful to gather all the required documentation you need ahead of time. This will help make your enrollment into the program much smoother. The quicker you are enrolled into the program, the sooner you can begin your onsite work.

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Topics: CCIP, OCIP, Wrap-Up Administration

Vicarious Liability & Additional Insured Endorsements Ruling


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Last year, an Eleventh Circuit ruling in Cincinnati Specialty Underwriters, Ins. Co v KNS Group (11th Cir. Oct. 2022) addressed issues related to Additional Insureds (AI) and vicarious liability. In that case, the owner hired GM&P, the general contractor, to construct a new casino. In turn, the GM&P hired KNS and entered into a subcontract to perform exterior glazing and glass façade work on the project.

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Topics: Claims, Contracts, Additional Insured, Construction Trends