Owner Controlled Insurance Programs (OCIP)

OCIP provides a single source of construction insurance covering all contractors and subcontractors for general liability and workers compensation while performing construction activities on-site. It also provides for extended completed operations coverage not available through contractors traditional insurance which can lead to gaps in coverage upon tender of a construction defect claims long after the project is completed.

Important benefits of an OCIP to Public Agencies:

• Gives the Owner ability to obtain coverage enchantments not available to contractors as well as ensuring the coverage is enforce and thereby transferring the risk away from your agency during construction.
• Provides a single point of contact for insurance administration
• Helps to removes the barrier for smaller or disadvantaged firms to participate in large public work projects.
• Reduces claims conflicts and help avoid adversarial relationships by providing a single, unified, and cost-effective response to claims through one insurer for you and all contractors.