A wrap-up proforma is a financial analysis exercise to determine the feasibility of a potential wrap-up program. At CRS, we are able to use our historical data to put together a feasibility study to predict the cost of a wrap-up and the wrap-up insurance credits provided by the general contractor and enrolled contractors (the wrap-up cost offsets). We then compare the wrap-up cost to the wrap-up offsets to determine the potential cost and cost savings of the program.
Because a large component of the wrap-up cost is a variable (claim payments) and wrap-up cost offsets (insurance credits) can fluctuate depending on the contractors enrolled, we present the cost avoidance at various levels and combinations of these two variables depicting for our clients and prospects a myriad of possible outcomes.
FREE DOWNLOAD: The Essential Guide to Wrap-Ups click here