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Contractual Risk Transfer - 3 Tips for Trade Contractors
Did you know the construction contract you signed contained a clause that transferred any risk from the project owner or general contractor to your...
Why is Off-site Coverage Required on a Wrap-Up?
Trade Contractors who are enrolled on a Wrap-Up Project, or CIP, are covered for their work on-site by the insurance contained within the program....
3 Differences Between Surety Bonds and Construction Insurance
Working in construction means there are a lot of risks. Workers can be injured, equipment can be stolen, or damages could happen on the project site....
What to Look for in a Wrap-Up Administrator for your OCIP
Whether you are an Owner, General Contractor or Developer, Wrap-Up Administration is the key to your OCIP. For a Wrap-Up to be successful, the wrap...
Proportional and Non-Proportional Reinsurance Agreement Differences
Reinsurance is when an insurance company transfers risk to other parties by a formal agreement—thereby lessening its liability on catastrophic or...
Wrap-Up Administration - Partnering for Success
There are many factors that go into determining whether a Wrap-Up will be successful or not, and Administration is one of those crucial components....
Understanding General Indemnity Agreement Definitions & Clauses
A General Indemnity Agreement (GIA) is a legal document that outlines the Surety/client relationship. As a contractor, it is important to understand...
Gross Payroll vs. Reportable Payroll
When working on a construction project and participating in a Wrap-Up, you are generally required to submit daily, weekly or monthly payroll reports...
What is Reinsurance?
Risk is everywhere; whether you are a contractor, small business or a large corporation, you must guard against risk. Insurance companies must also...