Four Keys to a Successful CIP

摘要

An owner- or contractor-controlled insurance program (CIP) assures comprehensive coverage on a project for all participants-though not all CIPs are the same. The four elements of a successful CIP program include: Efficient, effective and constant communication. The best CIPs are collaborative efforts among all parties: broker, carrier, CIP sponsor, general contractor and subcontractors. For an OCIP, engage the general contractor, who will often have had equal or broader coverage on past projects and long-term relationships with carriers that could provide better pricing and coverage.