Products

The Wrap-Up Guide

Edited by: Jack P. Gibson, CPCU, CRIS, ARM
The Wrap-Up Guide

The cost of IRMI application products depends on the size of your organization. The size ranges are as follows.

  • 1-9 Employees
  • 10-30 Employees
  • 31-60 Employees
  • 60+ Employees - Contact us for a quote!

To subscribe to an IRMI product, you can purchase either a single-seat license for an individual, or an unlimited group license for everyone in your organization. The cost depends on whether your firm qualifies as a "Small Business" or a "Large Business" under the definitions in the following table.

Item Individual Small Business Large Business
Users 1 Unlimited Unlimited
Agency/Brokerage Any size Under $10M Revenue $10M+ Revenue
Insurance Company Any size Under $100M Premium $100M+ Premium
Law Firm Any Size Under 10 coverage Lawyers 10+ Coverage Lawyers
Risk Mgmt. Dept. Any Size Any Size N/A
Other Organization Any Size Under 100 Employees 100+ Employees

All IRMI subscriptions are annual. Most subscriptions offer two ways to pay.

  1. Monthly: The full annual cost is broken out over 12 monthly installments that are billed to your credit card each month.
  2. Annual: Get 5% off the full annual cost if you choose a single payment billed to your credit card once per year.

Note that the monthly payment option and the subsequent 5% discount for annual payments are not available on some products.  

The Wrap-Up Guide

Product type: 1 Year Subscription

Publication Date(s): 1990, 1993, 1995, 2000, 2006

Part of: Books Package

Discount: Prices shown include a 5% discount for choosing the annual payments option


Summary

Get the most comprehensive information source available on OCIPs and CCIPs. Updated by IRMI with help from 14 wrap-up experts.

Implementing a wrap-up or owner controlled insurance program (OCIP) for construction projects is an increasingly common approach for improving project safety, reducing the cost of risk, and ensuring all contractors are covered under a broad liability insurance program.

Fourteen construction risk and insurance professionals contributed to this edition, providing a balanced treatment of the perspectives of both wrap-up sponsors and contractor participants.

The Wrap-Up Guide covers these topics and more!

  • Wrap-Up Usage and Terminology
  • Benefits of a CIP
  • Wrap-Up Dos and Don'ts
  • Feasibility Study of Wrap-Ups
  • Qualification and Selection of Service Providers
  • Bid Documents
  • Insurance Cost Tracking
  • Insurance Program Design
  • Rating and Risk Financing Structures
  • CIP Insurance Manual
  • Risk Control
  • Administration
  • Maintenance of Wrap-Ups

Download Table of Contents

Agents, Brokers, and Account Support Staff

  • Enables you to provide practical advice to your contractors on common wrap-up problem areas and how to negotiate terms that will minimize them.
  • Helps advise owners and general contractors on OCIP or CCIP feasibility.
  • Provides guidelines on how wrap-ups should be administered.
  • Offers tips on how to get contractor buy-in

Risk Managers, Financial Executives, & Insurance Buyers

  • Helps you determine CCIP and OCIP feasibility.
  • Learn to evaluate the pros and cons of the various ways to deduct insurance premiums and determine which is right for your project. Understand how you, as sponsor, can positively impact the success of your wrap-up.
  • Provides guidelines for preparing superior wrap-up manuals and other important documents.
  • Offers practical advice about how to administer successful wrap-ups.
  • Explains the essential coverages needed for a wrap-up and provides helpful suggestions for choosing appropriate policy limits.

Underwriters

  • Understand the issues that participating contractors have with wrap-ups and how to reduce or eliminate them.
  • Get answers to questions about wrap-ups and advise on feasibility.

Attorneys

  • Benchmark wrap-up best practices to determine if the program you are reviewing was properly arranged. Answer questions about wrap-ups and advise on feasibility.

Consultants

  • Enables you to provide practical advice to contractors on common wrap-up problem areas and how to negotiate terms that will minimize them.
  • Helps advise owners and general contractors on OCIP or CCIP feasibility.
  • Provides guidelines on how wrap-ups should be administered.
  • Evaluate the pros and cons of the various ways to deduct insurance premiums and determine which is right for your project.
  • Provides guidelines for preparing superior wrap-up manuals and other important documents.
  • Understand the essential coverages needed for a wrap-up and get helpful suggestions for choosing appropriate policy limits.
Bonus Publication Icon

Your purchase of the online version of The Wrap-Up Guide comes with a digital copy of the Contractor's Guide to OCIPs, a handy reference that provides guidance on 39 issues contractors should consider when accepting coverage through a wrap-up or controlled insurance program. This publication was prepared by the OCIP Task Force of the AGC of America.

Bonus Publication Icon

In addition, you will also get a copy of Inherent Coverage Issues in Controlled Insurance Programs. This discusses coverage issues emanating from wrap-up insurance programs such as eligible participants, exclusions, duration of coverage, limits, deductibles, subrogation, and more. Samples of policy language and wrap-up manual provisions are provided to demonstrate the problems, as well as potential solutions, and caselaw on relevant issues is also examined. Templates to assist those charged with designing, implementing, and reviewing are also provided.

Navigation

Social Media

User ID: Subscriber Status:Free