A feasibility or cost benefit analysis should be considered prior to implementing a wrap-up. From this report, the owner can learn about potential advantages and disadvantages, impediments, savings, and problems that may arise in the program. A clear understanding of the issues will lead to an informed decision to pay for a conventional or a wrap-up program.

In preparation for a complete feasibility study WRISC, Inc. will review the owner’s management policies, procedures and philosophies, current construction projects, loss control programs and financial concerns.

If you choose to implement a wrap-up program, WRISC will evaluate any unique coverage needs and will develop an underwriting profile specific to the project.

Following an evaluation of the traditional and wrap-up insurance markets, WRISC will identify the most reasonable options and present recommendations for the owner’s consideration. After the desired approach has been selected, WRISC will prepare a work plan to implement the chosen option. If requested, WRISC will also provide its innovative process for competitively choosing a broker(s) and carrier(s). WRISC will monitor compliance with insurance laws, review premium billings for accuracy, track budgets, and facilitate the orderly and efficient closeout of the wrap-up program.