Risk Management Information System (RMIS)
The Next Generation in Wrap-Up Administration
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).
Technology Built Exclusively for Construction Insurance
- 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
Features and Functions Overview
Proprietary Wrapworks Features
Reports:
- 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
Automation:
- 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
Keep All Your Insurance in One Place with Project Tracker
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!
Project Tracker has the Ability to Store:
- OCIP Manuals
- Corporate Renewals & Policies
- Loss Runs
- Claims Documents
- Audits
- Payroll
- Insurance Cost Worksheets
- Bid Forms
- Rate Pages
- Endorsements
- Policies
- Enrollments
- Project COIs
- Project Policies
The Wrapworks platform allows for smooth management of the large volume of paperwork encountered in any CIP.
For More Information:
This infographic explains our Wrapworks platform as a solution for your Wrap-Up Administration needs.
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