Contractor Controlled Insurance Programs (CCIP)
Travelers offers Contractor-Controlled Insurance Programs (CCIP or Wrap-Up Insurance Coverage) to provide consistent, consolidated coverage and risk management, helping to protect the contractor's bottom line by reducing the cost of insurance on large projects and Contractor-controlled insurance programs
Travelers Construction handles the insurance exposures for large projects through the Contractors Controlled Insurance Program (CCIP or wrap up). Programs can be written for the term of the project including multi-year basis if needed. Claim account executives are assigned to coordinate claim needs of the contactor, as are risk control specialists to coordinate the delivery of construction risk control services and large accounts premium auditors experienced in the complexities of auditing CCIP programs.
Construction dedicated claim staff focuses solely on the unique and complex claims faced by contractors. Claim services that contractors involved in wrap-ups value include:
- TravCompSM- State-of-the-art claims technology combined with co-located claims and medical professionals to facilitate the best possible claim outcome
- Rapid Response team service to help manage catastrophic loss situations
- Claim detail access- an array of features to meet the risk management information needs
The Travelers Advantage:
- Simplified Administration - Contract administration is greatly simplified as a single project manager coordinates it
- Time Saving - Minimize time spent verifying contractors' proof of insurance and coverages or determining acceptable providers
- Consistent Coverage - for all enrolled contractors. Also, all claim and risk control services are handled through Travelers or its service providers making the processes more consistent
- A demonstrated market leader
- Total project solution
- Extensive risk control services
For further information about Travelers Construction Insurance or to purchase insurance products and services from Travelers, contact your independent insurance agent or broker.