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The Importance of a Feasibility Study
A key factor when considering a CIP or Wrap-Up is having the broker conduct a feasibility study for the Wrap-Up Sponsor. A feasibility study is a...
Wrap-Ups Lower Your Project Cost
Expensive insurance premiums are often buried into the cost of your building projects. This can add millions to what you pay and provide little...
How Wrap-Up Insurance Cost Savings are Realized
Understanding how insurance cost savings work on a Controlled Insurance Program (CIP), also known as a Wrap-Up, and who retains the risk/reward is...
Evaluating the Risk & Cost Benefits of an OCIP vs CCIP
Regardless of the structure selected for your project, implementing a CIP is a unique way to manage a multitude of insurance challenges that arise on...
Wrap-Up Challenges and Benefits
If this is your first Construction project, finding the right insurance program is the key to the project’s success. Traditionally, Project Owners...
Wrap-Ups—A Closer Look at Claims Management
Wrap-Ups are a great risk management tool for large construction projects. There are many moving parts of a Wrap-Up program, which can seem...
Wrap-Ups—A Closer Look at Program Design
A Controlled Insurance Program (CIP, also known as a Wrap-Up) is a smart risk management tool for any construction project. However, before the first...
Wrap-Ups—A Closer Look at Wrap Administration
Once you have decided to utilize a Wrap-Up program on your construction project, it’s important to decide who will Sponsor the program. Determining...
Wrap-Ups – A Closer Look at Financial Risk
You have decided to utilize a Controlled Insurance Program (CIP, also known as a Wrap-Up) for your construction project. That’s great! Now deciding...