Knowledge Corner

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Real Estate development is a business process that focuses on the overall development and renovation of a property, whether that is an existing property or a brand-new one. When it comes to real estate development, it is important that the proper Wrap-Up insurance is placed prior to the start of the project. Finding the right insurance program is important to the overall success of the project’s efficiency.

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Mental health is an important part of today’s society. People all around the world have made it a priority to begin to raise awareness regarding mental health. Not only in everyday personal life, but in the workplace as well. Sometimes, companies and employers tend to overlook the mental health of their employees, when in reality the employee’s mental health is actually crucial to their work performance.

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As Pride Month is coming to an end, now is a good time to ensure your company’s health benefits package represents your entire workforce.  

Healthcare disparities among the LGBTQ+ community are common. Due to this, around 35% of LGBTQ+ community members do not receive healthcare because of past visits being negative. The provider could have been unsupportive and/or uneducated about the LGBTQ+ community and their needs.  

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Many active bond users can sometimes be limited in their bonding potential. These limitations occur differently depending on the bond program. There are multiple ways to determine the bond limits for both standard and non-standard bond programs.

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If you are an insurance broker, it might seem counter-intuitive to reach out to another brokerage for help with an existing client. However, it is more common than you think. In fact, it can be lucrative for your brokerage.

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So, you’ve decided on a Wrap-Up for your next project. You know your broker can secure the policies needed for a Wrap-Up. But that’s just part of the Wrap-Up picture. Are you sure your broker can properly manage the Wrap Administration duties?

Often Owners, General Contractors (GC), and Trade Contractors think Wrap Administration occurs only during actual on-site construction. That’s just not true. 

For a Wrap-Up to be successful administratively, it requires a seamless and supportive approach all the way through from pre-construction, construction, closeout, and post-construction. As such, make sure your broker can provide a dedicated Wrap Administration Service Team ready to help throughout the entire construction project.

What duties should the Wrap Administration Service Team be prepared to do?

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