Project Specific Insurance Programs

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Project Specific Insurance Programs: Builders Risk & CIP
Presentation by:
Jim Castle, Senior Executive Vice President
Alliant Insurance Services, Inc.

In recent years, the construction industry has seen a dramatic increase in the use of controlled insurance programs (CIP). Both Owners and Prime Contractors are using this approach to improve the quality if the risk management on projects and as a way to generate cost
savings.  

The most common lines of coverage included in the CIP are Builders Risk, General Liability and Workers’ Compensation insurance. Understanding the differences between the CIP approach and the traditional approach of insurance in construction is vital in todays competitive bidding environment. More importantly, the impacts it can have on profitability is something all
contractors should fully understand.

Learning Objectives:

1. Define the major types of Project Specific Insurance Coverage and their applications
2. Summarize the CIP approach versus the traditional approach to construction insurance
3. Identify the types of CIP approaches
4. Recognize the key components of a CIP approach
5. Describe the responsibilities of the CIP approach and its impact on the construction process

Earn 1.5 CPE Credits in the Field of Specialized Knowledge & Applications. This is a group-live program at the Basic level. No prerequisites or advanced preparation required.

Please register by February 7, 2019