2024年10月7日 · OCIPs are a type of controlled or consolidated insurance program (CIP), interchangeably referred to as a wrap-up insurance plan. CIPs are called wrap-up insurance programs because they allow coverage for multiple parties and from multiple policies to be wrapped up, or bundled, into a single insurance plan.

2024年6月19日 · To make the insurance situation clearer — and to save money — the property owner or general contractor can purchase an inclusive policy that covers an entire project, known as a Controlled Insurance Program (CIP). In this article, we’ll explain OCIP and CCIP, including policy coverage, advantages, and things to consider before purchasing.

1. What is an OCIP? An OCIP, as its name implies, is an insurance program that the owner controls. The project owner is the first named insured, with the general contractor, subcontractors and others named as additional insureds. 2. What’s the difference between an OCIP and a CCIP?

An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).

2022年10月19日 · In construction, there are two types of insurance policies often purchased to protect the project: OCIPs (Owner Controlled Insurance Programs) and CCIPs (Contractor Controlled Insurance Programs). OCIPs and CCIPs operate similarly and provide liability coverage across all parties on a project.

An OCIP, or Owner Controlled Insurance Program, is commonly found in place on large construction projects, especially residential developments.

What Is An OCIP? An Owner Controlled Insurance Program (OCIP) or “wrap-up program” is a coordinated insurance program for construction projects. An OCIP, unlike traditional construction insurance coverage, provides eligible participants of a construction project with general liability coverage under one policy.

2025年2月27日 · OCIPs provide a centralized insurance policy covering various construction risks. These policies typically include general liability, workers’ compensation, and excess liability insurance, ensuring uniform protection for enrolled contractors and subcontractors.

2025年2月3日 · An owner-controlled insurance program (OCIP) is a type of consolidated insurance program where the project owner purchases and manages insurance coverage for all or most of the parties involved in a construction project, including general contractors and subcontractors. OCIPs are typically used for large-scale construction projects to ...

Owner-Controlled Insurance Programs (OCIPs) are widely and effectively used on public sector construction projects and capital improvement programs throughout the United States. Through an OCIP, a project owner provides general liability insurance and workers’ compensation for the duration of the project for all parties involved.