Seminars

Wrap-Ups: Beyond the Basics from Concept to Closeout

This 2008 seminar has concluded. The information below is provided for you to see the quality of IRMI seminars and to make plans to attend next year.

Description

Wrap-up or controlled insurance programs (CIPs) have become a popular way to insure construction projects. Owners and contractors are sponsoring them as an approach to improving project safety, reducing projects’ cost of risk, and obtaining insurance for difficult-to-insure risks, such as residential construction.

Of course, CIPs are no panacea. They are not feasible for every project and are still unpopular with some contractors. Frankly, a CIP that fails can be a huge headache. However, they can provide substantial benefits when applied to the appropriate projects, strongly supported by the sponsor and a capable administrator, and designed with consideration of all the contractors’ needs rather than focusing only on the sponsor’s best interests.

“Wrap-Ups” is intended to provide a blueprint for wrap-up success. Our lead speakers and guest speaker Scott Jensen of AmWINS will identify the most common causes of wrap-up failure and best practices that can be used to mitigate them. The seminar will dispel many wrap-up myths and misconceptions while focusing on the reality of what it takes to make them succeed. You will leave this session armed with the best practices to do wrap-ups right.

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Benefits of Attending

Walk away with knowledge to:

  • Develop appropriate expectations for the benefits and applications of wrap-ups
  • Address coverage gaps and understand contract documents
  • Evaluate wrap-up opportunities and provide value added service to clients
  • Understand the financial implications and the necessary commitment for success
  • Identify what works and potential problems in an existing program

Who Should Attend

Anyone with responsibility for evaluating, managing, or insuring construction risks will benefit from these seminars, including:

  • Risk managers and CFOs of commercial contractors, residential developers, home builders, or commercial project owners
  • Insurance agents and brokers with contractor or developer clients
  • Insurance underwriters
  • Risk managers considering the implementation of an OCIP
  • Attorneys
  • Architects and engineers
  • Lenders
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Sponsors

Learn about the services provided by the seminar sponsors:

Satisfaction Guaranteed!

IRMI is committed to providing you with the highest possible quality in education and training. If you are not 100% satisfied, IRMI will refund your full registration fee. We can make this guarantee because we know these seminars will meet or exceed your expectations.

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