Using Insurance Premiums to Meet MWBE Goals in Construction Insurance скачать в хорошем качестве

Using Insurance Premiums to Meet MWBE Goals in Construction Insurance

In this segment, David Cayemitte, CEO of Embrace Partners, is joined by Michael M. Clay, Chief Procurement Officer, and David Melick, leader of the Construction Practice Group, to discuss how Embrace applies across different construction insurance programs. The conversation explores how insurance premiums placed through Embrace Partners, an MBE-licensed insurance intermediary, can contribute toward MWBE (Minority and Women-Owned Business Enterprise) participation goals, helping organizations align insurance placements with diversity participation requirements. The team breaks down how Embrace fits into several key construction insurance structures, including: • Owner Controlled Insurance Programs (OCIPs) • Contractor Controlled Insurance Programs (CCIPs) • Project-Specific Insurance Programs • Practice / Corporate Insurance Policies They also discuss how MWBE participation goals are typically passed down through construction contracts, from owners and agencies to contractors, subcontractors, and suppliers, and how Embrace can participate across multiple layers to support those goals. This segment is designed for: • Insurance carriers • Retail and wholesale brokers • Construction firms and developers • MWBE and supplier diversity directors If you're involved in construction risk programs or supplier diversity initiatives, this discussion highlights a practical framework for leveraging insurance premiums to support MWBE participation goals.