Knowledge Corner

As construction activity continues to grow, more project owners are opting to implement Wrap-Up insurance programs. For your client’s first Wrap, it’s essential to partner with a broker that’s not only experienced in placing Wrap programs but also knowledgeable in administering them.

Wrap Administration 
Working with a broker like TSIB helps you accomplish that. Our Wrap Administration team has managed more than:

• $160B in construction volume
• 40,000 contractors
• 2,700 construction projects
  
  

TSIB’s dedicated service team provides end-to-end administrative support. This ensures your client’s Wrap program runs smoothly—from daily contractor interactions and program management to thorough documentation and compliance oversight. Most importantly, the Wrap Administration team handles the verification of all the enrolled contractors’ insurance costs, also known as credit verifications.

Contractor Credit Verifications
TSIB is an expert in credit verifications. Properly verifying and tracking credit verifications is critical to any project’s success. The verifications are deducted from the contractor’s contract and used to pay the Wrap premium. These deductions are the amounts contractors would have paid for their corporate insurance. 

Since the credit verifications significantly contribute to the direct success of any Wrap-Up, working with a broker like TSIB is critical. Our team’s deep understanding of credit procedures helps safeguard your client's budget and supports the program’s financial efficiency.

RMIS
TSIB’s proprietary Risk Management Information System (RMIS), Wrapworks®,  keeps all documentation organized and accessible. The Wrapworks system enables easy reporting—including credit verification reports—ensuring your client gets clear, accurate insights at every stage of the project.

Strengthen Your Brokerage
If your brokerage does not currently offer a Wrap-Up solution, TSIB’s Co-Broker+ model allows you to add a profitable new line of business without building out the infrastructure yourself. 

When your client is considering a Wrap-Up for a new construction project, can you confidently place and administer the program? If not, TSIB is here to help you deliver that capability—seamlessly and professionally.

Don’t risk losing your client. Partner with TSIB to strengthen your services and retain key business. Contact our Co-Broker Program Specialist to learn more!