A Wrap-Up program, or CIP, is a powerful risk management tool for owners and general contractors of large scale construction projects. The term Wrap-Up comes from the process of “wrapping up” all the contractors working on a construction project into a single comprehensive insurance program. Done correctly, this process should start with a comprehensive and insightful project risk assessment and mitigation plan. Optimally, this risk plan should have the input of the Owner, Contractor, Safety and Claims Professionals assigned to the project. This risk plan is critical to the underwriting process to ensure that all parties on a project have the broadest uniform coverage and the proper limits to insure all the potential exposures on the project.
WrapWorks is the most advanced, flexible, turn-key solution for automating and streamlining wrap-up administration for OCIPs, CCIPs, GL-only, WC-only and cert tracking.