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
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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.