Wrap-Up
Owner Controlled Insurance Program / Contractor Controlled Insurance Program
Controlled Insurance Programs (CIP), more commonly known as “Wrap-Ups,” are an excellent way to control insurance and claims costs on large, broad-coverage construction projects. We provide full-service Wrap Up administration programs as well as programs that encompass Workers’ Compensation/General Liability and General Liability-only programs. Each of our programs integrates Loss Control, Claims and Risk Management giving you comprehensive service.
Our fully-dedicated Wrap-Up group has broad experience in commercial and residential projects, from single-family dwellings to buildings worth upwards of $2 billion. Each of our experienced OCIP administrators is responsible for his/her project from start to finish, so you will have a dedicated partner as your advocate throughout the process. Each of our associates is well-versed in Bid Credit and Deductible applications and some have a medical background to assist in establishing First Aid stations on site.
You will benefit from our global expertise and customized solutions, which ultimately lower the overall cost of your unique program. In some cases, our financial analysis and feasibility study will indicate that a Wrap-Up is not the best option. Where a Wrap-Up is the best option, we implement a proprietary Web-based risk management system called Wrapmaster to automate record keeping essential to an efficient program.
Our experience includes programs for the following projects:
- Airports
- Arena
- Auditorium
- Cement Processing Plants
- Corporate Campuses
- Hotels
- Streets and Roads
- Medical Facilities
- Museums
- Power Plants
- Railroad Facilities
- Residential (including: Single Family Housing, Condominiums, Apartments and Mixed Use Complexes)
- Schools
- Shopping Centers
Lockton Service
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.