SB 44, a bill that limits the use of consolidated insurance programs (CIPs), commonly known as wrap-around insurance programs, would raise the cost of construction and be harmful for Nevada consumers, according to the American Insurance Association (AIA). SB 44, which is currently pending before the Nevada Senate Commerce and Labor Committee, would impact small and large contractors as well. CIPs prevent litigation through uniform claims-handling procedures and provide specialized coverage for each project. This consolidated insurance mechanism provides single-site safety enforcement, which improves workplace safety and streamlines project management, thus preventing gaps or overlaps in coverage, according to the AIA.
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