The risks presented in today’s construction marketplace are far more complex than in the past. This is more than evident with the typical progression of today’s construction defect claim. Who’s responsible? While contracts can mitigate and distribute responsibility, CD claims can take on a life of their own quickly and become problematic in unforeseen ways. Enter the Controlled Insurance Program (i.e. CIP, CCIP, OCIP, Construction Wrap).
On Sept 19, 2019, Jennifer Philippi, COO at CR Solutions presented to The Construction Financial Management Association (CFMA) Georgia Chapter, “Unwrapped: A Look Behind the Scenes of Implementing a CIP” to understand the purpose, design, and administration of a CIP. Along with Corey T. Alison Exec V.P. AmWINS, and Walter Constantine of Hauser of Insurance Group the presenters took attendees through a typical CIP project profile and explain the nuisances/value from both sides (CIP holder & participant).
Here is the slide deck offering an all-inclusive perspective exploring the coverage and implementation process (Client rep, broker, CIP admin working together). Download the slides and to learn how to take advantage of programs that can improve the bottom line of your organization. Download: Unwrapped: A Look Behind the Scenes of Implementing a CIP
Do you have any questions about wrap-ups? Submit your question here and it will be reviewed and answered within 48 hours.
