What Is A "Wrap" Program?
A "wrap" insurance program provides overall coverage for construction projects. Unlike traditional construction insurance coverage, a wrap provides eligible participants of a construction project with general liability coverage under one policy.
Wrap insurance programs can be either Owner-Controlled (OCIP) or Contractor Controlled (CCIP).
Developing a wrap insurance program takes highly specialized knowledge, and many services not usually supplied by insurance brokers. Argo's experts have access to virtually every market—and enjoy productive working relationships within the industry. We know the key players in the market—and the key players know us.
What distinguishes Argo from other brokers is our technical knowledge in developing wrap programs. We're familiar with the economics behind construction projects and can negotiate favorable terms with carriers. In addition, we're knowledgeable about trends in the market, and use that to take advantage of price elasticity on your behalf.
Core Wrap Services:
- Feasibility studies
- Program design
- Insurance marketing
- Program administration
- Training/orientation
- Risk control
- Claims administration
- Medical cost containment
- Surety wrap-ups