Oct 11, 2019 · OCIP versus CCIP—an Owner's Perspective. Many midsized and large contractors have established CCIP programs, and it is common for them to propose utilizing their CCIP …

Mar 19, 2021 · Construction managers, general contractors, and subcontractors are routinely required to being insured under an owner-controlled insurance program (OCIP) or a contractor …

Mar 31, 2017 · For example, if the owners are considering an OCIP, their internal team is minimal, and they are primarily concerned about liability coverage and limits, a GL only OCIP, GL only …

Apr 24, 2020 · State Insurance Regulations. Many states have regulations that govern the use of wrap-up insurance programs. State statutory or insurance administrative code requirements …

Jan 1, 2005 · Under an OCIP, the owner is the sponsor and remains exposed to the deductible for the completed-operations extension period. This exposure makes it difficult for owners to …

Apr 1, 2011 · Upon such notice, Contractor and/or one or more of its subcontractors, as specified by Owner in such notice, shall obtain all (or a portion thereof as specified by Owner) of the …

Apr 21, 2022 · The OCIP/CCIP may have a "per project" general aggregate and/or products-completed operations aggregate limit, but the limit may have a cap on the total limit (e.g., $15 …

Mar 6, 2019 · The OCIP usually includes extended completed operations, 6 providing only completed operations coverage for an additional period beyond the policy expiration date …

A wrap-up exclusion endorsement is used to remove coverage from a contractor's insurance policies to the extent they overlap with the coverages provided for the contractor under a wrap …

Sep 29, 2023 · In the case of an OCIP, the owner will impose the obligation on the CM/GC, who will then be responsible for collecting the obligation from any at-fault downstream …