Wrap Administration Duties

Wrap Administration Duties

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?

DUTY

PROJECT LIFECYCLE STAGE

Wrap-Up Manual Development

Pre-Construction

Orientations For Contractors

Construction

Day-To-Day Wrap Administration

Construction

Contractor Enrollment

Construction

Contractor Insurance Credit Evaluations

Construction

Obtain & Review Insurance Certificates

Construction

Collect & Monitor Contractor Payroll

Construction

Wrap-Up Program Close-Out

Closeout

Final Review & Audits

Post Construction

 

Wrap Administration is so important to the overall success of your project, but not every broker is prepared to tackle a Wrap-Up’s administrative duties. Have this important conversation with your broker.

Interested in learning more Wrap Administration and how important is to your Wrap-Up program? Reach out to TSIB today and schedule a free consultation with one of our Wrap-Up Specialists!

Learn More Here

TSIB’s Risk Consultants are currently servicing the following locations:
East Coast: New York City, NY; Bergen County, NJ; Fairfield County, CT; Philadelphia, PA
Texas: Austin, San Antonio, Houston, Dallas
California: Orange County, Los Angeles County, Riverside County, San Bernardino County, San Diego County

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