Risk Management Information System (RMIS)

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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
TSIB WrapWorks Platform

Features and Functions Overview

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

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

For More Information:

TSIB - Wrapworks Infographic

This infographic explains our Wrapworks platform as a solution for your Wrap-Up Administration needs.

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Contact TSIB Today

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