See Owner Controlled Insurance Program (OCIP).


Frequently Asked Questions about Owner Controlled Insurance Program (OCIP)

OCIP stands for Owner Controlled Insurance Program, which is a type of wrap-up insurance policy where the property owner sponsors and controls the insurance coverage for all contractors and subcontractors on a construction project.

In traditional insurance, each contractor provides their own coverage. With an OCIP, the owner provides a single, consolidated insurance policy for the entire project, often resulting in cost savings, better coverage terms, and more efficient claims handling.

Benefits include:

Reduced insurance costs due to bulk purchasing.

Uniform coverage across all contractors.

Improved risk management and safety coordination.

Streamlined claims process and reduced litigation between parties.

OCIPs are most common on large-scale construction projects such as commercial developments, industrial parks, hospitals, and public infrastructure, where the scale justifies centralized insurance control.

The key difference is who controls the policy:

OCIP is controlled and sponsored by the project owner.

CCIP (Contractor Controlled Insurance Program) is controlled and sponsored by the general contractor.



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