What really drives the decision to go CIP as opposed to traditional insurance? Avoidance of cross-litigation is one of the greatest reasons to sponsor a wrap up. Because of sheer…
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What sets CR Solutions apart from other CIP Administrators Does your electrician know the difference between an Owner Controlled and a Contractor Controlled Insurance Program? Does the HVAC installer navigate...
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In construction, OCIPs (Owner Controlled Insurance Programs) are paid for by the project sponsor or property owner, whereas CCIPs (Contractor Controlled Insurance Programs) are paid for by the lead contractor…
We were recently asked by a prospect, “What is the general consensus as to the minimum project size for a wrap-up to be feasible?” This is a question we get…
Wrap-up programs provide dedicated project coverage from one insurance program, with adequate limits, consistent coverage, more control, no cross litigation, efficiency, consistent services, promotion of DBE/MBE/WBE/SBE contractors, and decreased markups….
Owner’s Interest vs. OCP vs. OCIP What is the Difference? Construction project owners face an assortment of risks during construction on their property. Insurance products have been created to transfer…
How to Maximize Potential Savings On Your OCIP/CCIP Today, more than ever, the budgeting process has become essential to the success of construction projects. Lenders are intensifying their underwriting criteria,…
<Click for a quick summary of the analysis via an infographic> Workers’ Compensation(WC) rates vary by state and scope of work. They also change from year to year. This creates…
