Construction Wrap-Up Insurance: What You Need to Know

How Construction Wrap-Up Insurance is Beneficial Owners, developers, construction managers, and general contractors face a host of insurance uncertainties with every project. While no insurance program can eliminate every uncertainty,

How an OCIP Works

Understanding an Owner-Controlled Insurance Program  The prospect of your project needing an insurance policy means that you should understand how said insurance works. When you are looking for coverage for

Understanding Builder’s Risk

Basics of Builder’s Risk Insurance Whether your contracting business is large or small, you face risks during the course of your projects. Construction insurance, or builder’s risk insurance, is designed

What is a Controlled Insurance Program?

What You Need to Know About Controlled Insurance Programs  A Controlled Insurance Program (CIP) is also known as a wrap-up insurance policy. It is a program that provides onsite insurance

Advantages of Securing an OCIP for Your Next Project

Considering an OCIP? Read on for the top benefits. Most contractors operating in the United States have participated in an OCIP. It protects the project owner and is designed to

Tips for Effective Subcontractor Prequalification

Key Considerations When Evaluating Your Prequalification Process Prequalification is the process of assessing any potential subcontractor’s ability to borrow money and honor that debt. It’s used to determine the estimated

Top Benefits of Wrap-Up Programs

Advantages of Construction Wrap-Up Programs  Project owners and general contractors will know that even just one project will involve a whole host of parties. To project a project, some parties

Tips to Lower Your Contractor Insurance Costs

Money-Saving Tips for Contractor Insurance As a responsible business owner, finding a great insurance policy is important to you. You know it is the best way to safeguard your assets

Top Reasons For Construction Companies to Consider Environmental Insurance

Should You Consider Environmental Insurance? It’s safe to say that most construction companies are aware of their need for general liability and workers’ compensation insurance. Construction contractors rarely consider that

What to Know About a Wrap-Up Exclusion

What Wrap Up Exclusions Mean to You Many contractors have a Wrap Up Exclusion in their corporate insurance policy. Yet, many do not know or understand what this really means