Controlled Insurance Programs

Overview

Controlled Insurance Programs (CIPs), commonly referred to as “wrap-ups,” are currently used in the United States. Certain requirements are needed for a CIP to be feasible. This course reviews those requirements, possible problems that may arise and how to avoid them, the important insurance coverage issues for sponsors and participating contractors to consider, and administrative and safety programs that must be implemented to ensure success.

Find this course for your license

License or Certification

Regulator

Learning Objectives

understand and explain what a CIP is, the types of projects for which they are most appropriately used, and the reasons an owner or general contractor might wish to employ the CIP concept
understand and explain contract issues to consider when utilizing a CIP approach
identify important insurance coverage issues to address when designing a CIP
understand best practices to follow when arranging a contractor’s “practice” insurance program to coordinate with a CIP

Designed For:

Property and casualty risk, safety, insurance, and finance professionals

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International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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