Risk Management Information System (RMIS)

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Wrapworks® is the most advanced, flexible, turn-key solution for automating and streamlining Wrap-Up administration. The administration of a CIP involves handling a large volume of paperwork. Critical to effective management of this information is an advanced Risk Management Information System (RMIS).

A single technology platform for CCIPs, OCIPs, GL-only, WC-only & Certificate Tracking
Improved information access for sponsors & contractors plus effortless automation for administrators
Detailed reports
Ensure timely communication and submission for participants
Accessible via Web, all browsers, all devices including tablets

Enrollment

Online Enrollment
Automated follow-ups until required information submitted
Contractor reports subcontractors online
Carrier enrollment extract, automated
Automated Welcome Letter/Certificate issuance

Credits/Deducts

Contractors can submit own deducts/credits in the Insurance Cost Worksheet (ICW) or submit rate/Dec page documents or worksheet documents
Track reported & verified ICW

Payroll

Automatic reminders to submit payroll when due
Automatic reminders when payroll is late
Contractors Submit their own payroll online

Document Upload for Contractors

Contractors can upload offsite certificates of insurance & endorsements for verification of compliance
Upload rate/Dec pages online & notify administrator to process

Reports

Enrollment
Payroll
Non-CIP (offsite) Certificates/ COI
Project Summaries
Claims Summaries, if carrier & sponsor supply claims information
Export to Excel

Automations

Distribute reports
Send bulk letters
Enrollment
Payroll
Missing information
Renewal COI (CIP & Non-CIP)
Closeout
Carrier Enrollment
Carrier Reports
Project Termination
And more

Enrollment Status
Payroll Summary by project or Contractor
Payroll Variance – payroll submitted vs the carrier audit results (if carrier results are received)
Loss Runs if claims are received and uploaded
Project Termination Schedule
Management Summary – Delinquencies Only
Compliance Status Report- states exactly what is needed to be compliant with the program
Delinquency Matrix – status count by project/sponsor
Summary of Payroll and Man hours
Comparison of Payroll to Contract Volume
EMR Report – list contractors and EMR rating

Reminder when project policies are going to terminate at 60 days, 45 days, 30 day, and 15 days
Termination letters to all Enrolled Contractors
Delinquency Matrix – by contract, by Wrap Administrator, by project
Offsite Contract Policies – list each line of coverage, carrier and broker and limits, start and end dates

Wrapworks can even help contractors manage all their own insurance coverages on a daily basis through a feature called Project Tracker.

Contractors must manage coverages on multi-levels, not only for corporate insurance but many are involved CIPs and other One-Off programs. This unique feature lets our clients keep track of all their projects.

No other system allows a contractor to have all this information in one place!