Wrap it up - PowerPoint PPT Presentation

1 / 7
About This Presentation
Title:

Wrap it up

Description:

Controlling the costs and the exposure. Your retention. Your EMR. Your insurance premium rates ... Controlling the costs and the exposure. Onsite Claims Management ... – PowerPoint PPT presentation

Number of Views:62
Avg rating:3.0/5.0
Slides: 8
Provided by: ACIG
Category:
Tags: exposure | wrap

less

Transcript and Presenter's Notes

Title: Wrap it up


1
Wrap it up!

American Contractors Insurance Group Contractor
Controlled Insurance Program
2
CCIP Wrap it up!
  • The future look at the CCIP and AZ programs at
    ACIG
  • Why do we need wrap ups?
  • Changes in available coverages
  • Residential exclusions
  • Additional insured changes
  • Subs cannot get the coverage required in our
    contracts

3
CCIP Wrap it up!
  • Construction defect claims
  • Increasingly more difficult to get the AL
    coverage
  • Increasing litigation expense
  • State laws not running in favor of the GC

4
CCIP Wrap it up!Controlling the costs and the
exposure
  • Your retention
  • Your EMR
  • Your insurance premium rates
  • Your reputation during and after the project is
    complete

5
CCIP Wrap it up!Controlling the costs and the
exposure
  • Onsite Claims Management
  • The value of a CCIP is in how well claims are
    handled at the site.
  • A selected medical provider- clinic, physicians
  • A selected TPA
  • A selected Corporate Claims/Risk Manager

6
CCIP - Wrap it up! Controlling the costs and
the exposure
  • Centralized onsite reporting
  • Protocol established to have ALL incidents
    reported to a central person at the site
  • All incidents reported from the field to the
    Corporate Claims/Risk Manager
  • All incident reports need to be thoroughly
    completed, regardless if it is a direct hire or a
    subcontractor employee
  • Reality Everyone on your site is your employee!

7
CCIP Wrap it up!Controlling the costs and the
exposure
  • The subcontractors involvement
  • Must understand the reporting process
  • Must understand that the coverage applies only at
    the site
  • Must understand that an employee will be returned
    to work status, including restricted/alternative
    work
  • Must utilize the GCs safety and claims processes
Write a Comment
User Comments (0)
About PowerShow.com