Wrap-Up Insurance Programs – OCIP & CCIP


A “Wrap-Up” is a highly efficient insurance and risk management control mechanism and an increasingly popular alternative to using conventional insurance on most construction projects. With a wrap-up, the interests of the owner, designer, construction manager, contractors, and consultants are covered by one insurance arrangement, or “wrapped up.” A wrap-up provides a single point of focus for loss control and claims management offering a coordinated approach specifically tailored to a project.  This eliminates disputes among contractors and their insurers, reduces the disruption at the project work site and can minimize potential delays attributed to accident investigation. A wrap-up also facilitates the inclusion of small and minority businesses by eliminating insurance barriers smaller contractors encounter when bidding on large projects.


The use of wrap-up insurance programs has proliferated over the past decade on large private and public capital development construction and infrastructure projects. Wrap-ups provide the program sponsor (owner or contractor) with some definite advantages over using a conventional insurance program. Some significant advantages are; potential insurance cost savings, securing broader coverage, higher limits, and more effective loss control and claim management services.


The key operative word is “control.” Like everything else in the construction industry, planning is a critical component of any successful wrap-up. There are many ways to structure a wrap-up insurance program. However, the critical success factor is the capability of the people who will be responsible for the wrap-up program design, implementation, and administration. Any owner or contractor who is serious about evaluating the feasibility or implementing a wrap-up insurance program for their construction project should seek the advice and guidance of a professional and competent insurance or risk management consultant who has practical experience in structuring wrap-up insurance programs and has the wrap-up knowledge to be a qualified strategic advisor.


C-Risk specializes in the formation and implementation of wrap-ups, both owner-controlled insurance programs (OCIP) and contractor-controlled insurance programs (CCIP). We provide risk management advisory services and consulting to construction industry clients that require wrap-up feasibility studies, design of wrap-up program structures, implementation requirements, and recommendations on wrap-up administration procedures and processes. C-Risk can assist clients with the formation of an effective wrap-up strategy and provide objective and practical advice on the risk management and insurance program structures for project-specific wrap-ups, or multi-year, multi-site, wrap-up insurance programs, a.k.a., “rolling wrap-ups”.


C-Risk has determined that success on most wrap-ups can be achieved through the integration of stringent risk management controls, with effective project/contract management administration. Our expertise in construction management, project controls, insurance and risk management empowers us with the essential knowledge and requisite skills to provide clients with pragmatic risk management strategies to ensure a positive outcome for a successful wrap-up program.

C-Risk is an expert in structuring Wrap-Up Insurance Programs


For information about C-Risk Wrap-Up services, please visit the Wrap-Up Programs section of the C-Risk website.


For Wrap-Up strategies & insights, visit C-RISK Insights to read: OCIP 2.0 – Building A Better Wrap-Up