Auditing controlled insurance programs

Controlled insurance programs are a popular construction insurance management strategy because they can save the owner significant insurance premiums. Whether the program is owner- or contractor-controlled, owners need to verify that the program is operating as intended. Are promoted savings being realized? Is the risk mitigation strategy succeeding? How much does this program really cost? In this webinar, our presenters discussed how controlled insurance programs work and how to audit them to verify program objectives.

Learning objectives

• What is a controlled insurance program and why it may be used?
• Why does the program need to be audited?
• How to write a controlled insurance program audit program
• How to define transaction testing and sample size selection

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