WRAP UP INSURANCE
AN EXTENSION OF YOUR TEAM
We pride ourselves on being regarded as an extension of our construction client’s risk management team. We loathe the “one-size fits all” approach but rather customize our service plan based on the feedback from each particular client.
Following this philosophy, our construction insurance experts solely focus on this industry – giving our clients peace of mind that they’re present and future risks are being addressed.
our approach to wrap up insurance
Our 3 core areas that we help drive innovative Wrap Up (CCIP & OCIP) insurance solutions is:
- Design
- Communication
- Technology & software
design
We collaborate with our program sponsors and insurance carriers to thoughtfully design the ideal program structure. Whether modelling a rolling or stand-alone program, we negotiate and place our sponsor’s wrap-up controlled insurance programs (CIPs) in a way that lends stability to the overall financial picture of the project. We specialize in both contractor-controlled insurance programs (CCIP) and owner-controlled insurance programs (OCIP). Our approach contemplates a number of risk finance techniques including use of captives, self-insurance programs and trusts.
communication
We collaborate with our program sponsors and insurance carriers to thoughtfully design the ideal program structure. Whether modelling a rolling or stand-alone program, we negotiate and place our sponsor’s wrap-up controlled insurance programs (CIPs) in a way that lends stability to the overall financial picture of the project. We specialize in both contractor-controlled insurance programs (CCIP) and owner-controlled insurance programs (OCIP). Our approach contemplates a number of risk finance techniques including use of captives, self-insurance programs and trusts.
technology & software
Our software is specifically designed around the needs of our clients and allows for flexible administration for all CIP structures (CCIP, OCIP, GL-only, etc.). Through regularly scheduled, automated reports, Construction Risk Partners continually communicates with the risk management and project teams regarding the life cycle of their projects. Other critical aspects of CIP administration involve tracking, sorting and analyzing loss data by contractor, project, and overall program. Our risk management information system (RMIS) closely monitors claims and loss data in order to achieve optimal claim outcomes and focused loss prevention efforts.
core solutions & expertise
HELPING OUR CLIENTS MITIGATE RISKS IN THE CONSTRUCTION INDUSTRY
We listen carefully and thoughtfully so we can develop a thorough understanding of our wrap-up clients’ needs, then execute by designing and implementing CIP programs that meet and exceed our clients’ expectations.
