Marc A. Sanchez Breaks Down Wrap Up Insurance for the Surety Claims Institute
Marc A. Sanchez recently shared a comprehensive overview of Controlled Insurance Programs (CIPs), also known as wrap up insurance in his article “What Is Wrap Up Insurance and Why Do I Care?” published in Surety Claims Institute’s May 2025 Newsletter.
In his article, Marc:
- Highlights how CIPs can reduce surety losses in construction defect claims
- Defines the structure and purpose of wrap-up insurance
- Traces the development and growing use of CIPs in the United States
- Summarizes key roles and responsibilities in CIP administration
- Reviews typical coverages and common exclusions
The article serves as a practical guide for understanding how CIPs function and how they can be leveraged by sureties.
Marc emphasizes that wrap up insurance can be a valuable resource for sureties seeking to offset losses and that sureties should always look into CIPs when evaluating potential recovery options.
Read the full article here.
Marc is a Partner in Frantz Ward’s Construction group and devotes his practice to construction law with a successful track record in resolving defective construction, breach of contract, and design issue matters. He has extensive experience with construction-related litigation, mediation, arbitration, claims management, claims avoidance, insurance coverage, and contract negotiation.
The Surety Claims Institute is a non-profit national association of claims executives, attorneys, and consultants working in the fidelity and surety industry, providing the most current information and networking opportunities among members in the ever-changing field. Their membership extends throughout the United States and includes representatives from over fifty companies.
