Making the Most of a CIP

Four best practices are critical to capturing all the potential benefits of a consolidated insurance programs, whether it covers multiple midsize projects or one large job:

-- Communicate. Regular communication helps everyone understand how the CIP works, what is expected of them and how they are performing. Use a mix of communication tools, from prebid and weekly safety meetings to awards recognizing safe work practices.

Financial Services Risk Report Table 2011 (08/01/11)
Construction (11/01/11)
Energy (10/15/11)
Little Protection for When the Whistle Blows (09/15/11)
Hobgoblins of Risk (08/23/11)

-- Build a culture of safety. Remember that the fastest way to derail such a culture is to place other goals ahead of safety.

-- Set safety best practices. Involving frontline workers in setting the best practices helps create the strongest standards and gain buy-in.

-- Manage claims aggressively. The ultimate cost of an accident depends on an insurer quickly bringing the best resources to bear on the claim. Everyone at a job site must understand how to report a claim and how it will be managed.

November 1, 2007

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