This course surveys the expanding area of owner controlled insurance programs (OCIPs) and contractor controlled insurance programs (CCIPs), collectively known as "wrap-ups". For large construction projects, wrap-ups are increasingly selected by project owners or general contractors to cover the parties on a project rather than an individual entity basis. This course highlights some of the benefits and shortcomings experienced by owners and contractors in a wrap-up.

It is important for insurance agents and brokers who transact insurance with contractors and subcontractors to understand wrap-ups because nearly every significant construction contractor has been, is, or will be part of a wrap-up. This course explores the nature of wrap-ups, overviews the insurance-related issues involved with wrap-ups, and introduces the coverage problems associated with the use of standard commercial insurance contracts for wrap-ups.