The Evolution of Wrap-Ups

Laws, Lessons, and the Future of Construction Risk

In part two of our conversation with Karen A. Frankel, we explore how wrap-up programs developed into the systems the industry uses today. Karen breaks down the legal decisions, construction trends, and administrative lessons that shaped the evolution of OCIP and CCIP programs across the last several decades.

She highlights the early challenges that forced innovation, the misunderstandings that still create risk, and the shifts in construction practice that continue to influence how wrap-ups are priced, structured, and managed.

In this episode:

• How state statutes and early case law shaped the language of wrap-up programs
• Why policy, contract language, and manual alignment is essential for program success
• How fast track construction changed pricing, documentation, and project risk
• What drove the development of alternate bid methods and deduct evaluation
• Why misunderstandings around deductibles, aggregate limits, and completed operations still threaten wrap-up outcomes
• Where the future of wrap-up administration may be headed as technology and risk evolve

For anyone working with OCIP, CCIP, contractor risk, or construction insurance, this conversation offers clarity on how wrap-ups grew, what the industry learned, and what must improve moving forward.

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Connect with our hosts:Beau Lunceford & Trevor Casey

linkedin.com/in/beaulunceford

linkedin.com/in/trevorcasey3/

Connect with our guest: Karen A. Frankel

LinkedIn: https://www.linkedin.com/in/karen-a-frankel-b91a60140/

Email: kafrankel@hotmail.com

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Learn more about how CR Solutions is innovating in riskmanagement:

LinkedIn: linkedin.com/company/consolidated-risk-solutions

Instagram: instagram.com/wrapadmin/

Facebook: facebook.com/consolidatedrisksolutions

TikTok: https://www.tiktok.com/@wrapadmin

Email: info@c-r-solutions.com

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