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When working on a construction project and participating in a Wrap-Up, you are generally required to submit daily, weekly or monthly payroll reports for work done on the project site. Reporting requirements can vary which can make payroll reporting confusing.
The most important tip to remember is that there is a difference between Gross and Reportable payroll. Continue reading to learn how these two payroll types are different!
Topics: Wrap-Up Insurance
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Jobsites have a number of risks and it is important to be covered when working on a project. An OCIP, Owner Controlled Insurance Program, is an insurance program that is purchased by the owner of a construction project. It is one insurance program for all tiers involved in the project - from the Owner to the General Contractor down to all levels of subcontractors.
Now you may be asking yourself, what exactly is covered under an OCIP? Let’s review some of the basics that are generally covered.
Topics: Wrap-Up Insurance, OCIP
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As an owner with a construction project and an eye towards risk management, you might not realize there are different Controlled Insurance Programs (CIPs) or Wrap-Ups to choose from. General Liability (G/L Only), Single Project, Full Wrap, Rolling Program, and Maintenance Program are the main choices. Let’s examine the benefits of a G/L Only Wrap-Up.
Topics: Wrap-Up Insurance
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When you are starting a new Wrap-Up project, you will 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.
Topics: Wrap-Up Insurance
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Are you working on a project covered by a Wrap-Up? Do you have to enroll in the program and are not sure where to start? Luckily, we’re here with 3 hints to make enrolling in a Wrap-Up easy!
Topics: Wrap-Up Insurance
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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?
Topics: Wrap-Up Insurance
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If you are working on a Wrap-Up, it can be hard to know what to do when you have finished your work. There are a few different questions you may have. Here are 3 tips to help you understand when is the right time to close your wrap-up Contract!
Topics: Contracts, Wrap-Up Insurance
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When enrolling in a Wrap-Up, you may be asked for your company’s Risk ID number (Risk Identification Number). Continue reading to discover 5 points you need to know about your Risk ID.
Topics: Risk ID, Wrap-Up Insurance
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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!
Topics: Wrap-Up Insurance
