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CLIENT ADVISORY Wrap-up Insurance Programs Part Two In Part One of our article series, we learned that Paul s Plumbing, Inc. has enrolled in the city s owner controlled insurance program (CCIP) for
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What is wrap-up insurance programs?
Wrap-up insurance programs are comprehensive insurance policies that cover all contractors and subcontractors working on a construction project.
Who is required to file wrap-up insurance programs?
The project owner or general contractor is typically required to file wrap-up insurance programs.
How to fill out wrap-up insurance programs?
To fill out a wrap-up insurance program, the project owner or general contractor must gather information on all contractors and subcontractors involved in the project, as well as details about the project itself.
What is the purpose of wrap-up insurance programs?
The purpose of wrap-up insurance programs is to streamline insurance coverage for all parties involved in a construction project, reducing potential disputes and ensuring adequate coverage.
What information must be reported on wrap-up insurance programs?
Information such as the names and contact details of all contractors and subcontractors, details of the project, and coverage limits must be reported on wrap-up insurance programs.
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