The Contractor’s Corner — Should I control my own insurance program?
Abstract: A contractor controlled insurance program (CCIP) can enable construction company owners to more closely manage how a given project is covered. But implementing a CCIP is a big step for any general contractor. Whether it would be worthwhile depends on a variety of factors. This article explains how a CCIP works and examines the risks (higher deductibles and premiums) vs. benefits (cost control and increased efficiency).