Check to see if your project meets the criteria in our When is a Wrap-Up a Good Idea? section. While the core activity within our office is the administration of Controlled Insurance Programs (aka CIPs or wrap-ups), the work often begins before the actual wrap-up administration reaches these walls. The following steps to getting started are items for which we often provide assistance.
To further customize information to a potential client’s needs, CR Solutions conducts a feasibility study using project specific information, including the project type and location to create a pro-forma (a project financial estimate broken down by work trades) and determine if a wrap up is potentially beneficial to the project participants.
CR Solutions explores potential advantages, answers questions, and forecasts cost savings.
CR Solutions works with a broker to collaborate on client presentations allowing the broker to handle insurance and coverage information and CRS to acquaint the client with controlled insurance programs. These presentations can start by educating the client on Controlled Insurance Programs, by launching directly into our administrative services, or by fielding wrap up questions from the potential wrap-up sponsor – all depending upon the participating parties’ wrap knowledge and history, as well as, the level of involvement desired by the broker.
If a Wrap-Up does prove to be a beneficial option, the appropriate insurance carrier and coverages must be selected.
