As with any type of insurance you want to buy, there are many different factors that go to determining how much you are going to pay for coverage. Of course, the size and cost of the project or projects that will fuel coverage will be very significant, as will the number of general contractors and subcontractors involved in the project. If you assume that the new insurance model for residential projects under an IPCC will help reduce legal costs by eliminating the costs associated with cross-complaints that are typically part of each construction, since the wrapper building insurance is such a comprehensive coverage, the purchase can be quite expensive. The cost of your policy depends on the size of the policy you buy, the add-ons you choose and the insurer you work with. The last thing you`re worried about is whether your contractors and subcontractors are getting the right insurance. While insurance programs are most used for large individual projects, a rolling framework or wrap-up can be used to insure multiple projects in the same program. FTA insurance requirements for their fellows, including the use of insurance policies for major construction projects, are reviewed in the Public Procurement Best Practices Manual, Section 6.6 – Insurance, available online. The main source of information in our discussion of the insurance system in the Public Procurement Best Practices Manual (PMPO), Section 6.6 – Insurance, was Mr. Harry Hower, Director of Insurance at metropolitan Atlanta Rapid Transit Authority (MARTA). His phone number is (404) 848-4504.

Mr. Hower has implemented insurance programs for major construction programs at MARTA, and he believes that MARTA has benefited from these types of policies. (Rating: June 2010) Robert Olson is a construction and insurance risk specialist and excess online broker at Bliss -Glennon Inc. in Palm Desert, California, e-mail: In particular, carriers will review your damage history with previous packages or individual guidelines. Security is usually an important topic when it comes to determining the cost of wrap-up policies, so you expect your forwarders to be very interested in your claims history and how much you and your partners have invested in the safety of all during your previous business efforts and construction projects.