The report also discusses claims handling and litigation coordination as another critical area of focus during a construction wrap-up. “While even the most safety-focused company cannot prevent all accidents, it’s crucial to have a unified claims strategy and work with insurers experienced in the construction marketplace,” said Mr. Crowther. “When the initial wrap-up program is put in place, its future success will depend heavily on the insurer’s claims department working closely with the sponsor. Once a risk is bound, ensuring a successful wrap-up requires constant communication and a consolidated, coordinated approach with the carrier’s claims department to help better manage claims and litigation strategies.”To access the report, please visit our website. The material presented in this report is not intended to provide legal or other expert advice. It is presented for informational purposes only. Readers should consult legal counsel or other experts, as applicable, with any specific questions they may have.
New ACE White Paper Examines Risk Management Strategies: Building A Successful Construction Wrap-Up Program
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