Workers' Compensation Wrap-Up for Ground Zero

One act of risk transfer relating to rescue and recovery that has not provoked controversy is the workers' compensation cover.

Shortly after Sept. 11, the Department of Design and Construction awarded a wrap-up policy to Liberty Mutual. A wrap-up policy involves the use of a master insurance policy that assumes the exposure of a number of participating firms, and is often used in construction risk management.

Oregon: Division seeks input on common funds claim balance (04/29/13)
Final rule expands construction standards to demolition workers (05/28/13)
Ohio: Bureau spells out rules for self-insuring employers (05/06/13)
Alaska: Board looks at medical billing and fees (05/13/13)
South Carolina: Commission adjusts fee schedule for surgery centers (05/13/13)

It is likely the largest wrap-up policy ever written in the United States. It did not include New York City workers, whose claims have been managed by the self-insured, self-administered program of the city.

This policy came to be part of the WTC Coordinated Insurance Program. FEMA agreed to pay the costs of this program, consistent with its standing policy on honoring insurance costs.

October 15, 2007

Newsletter Sign-up