OCIPs: The 5 Cultural Benefits for Your Company

image credit: Kzenon/shutterstock.com

You’ve decided to implement an OCIP (Owner Controlled Insurance Program) for your next construction project. In doing so, your company will reap the benefits of an OCIP, such as cost control, enhanced & uniform coverage, and claim control. However, did you know that your company will also gain cultural benefits too? Let’s examine the top 5 cultural benefits of an OCIP. 

Read More

Topics: Wrap-Up Insurance, OCIP

The 4 Components of a CCIP and OCIP

image credit: Iam_Anupong/shutterstock.com

Whether this is your first construction project or you’re a seasoned expert, finding the right CIP is key to the success of your project and procuring the best rates. It’s important to remember that the most successful programs are from project participants who work as a team. Continue reading this post to learn about the 4 components of a CCIP and OCIP.

Read More

Topics: Wrap-Up Insurance, CCIP, OCIP

What is Covered Under an OCIP?

image credit: Ivanko80/shutterstock.com

Jobsites have a number of risks and it is important to be covered when working on a project. An OCIP, Owner Controlled Insurance Program, is an insurance program that is purchased by the owner of a construction project. It is one insurance program for all tiers involved in the project - from the Owner to the General Contractor down to all levels of subcontractors.

Now you may be asking yourself, what exactly is covered under an OCIP? Let’s review some of the basics that are generally covered.

Read More

Topics: Wrap-Up Insurance, OCIP

OCIP and CCIP – Their Benefits and Challenges

image credit: boonchoke/shutterstock.com

Construction projects can benefit from different types of controlled insurance programs: an Owner Controlled Insurance Program (OCIP) or a Contractor Controlled Insurance Program (CCIP). While a general contractor sponsors a CCIP, a construction project owner is responsible for sponsoring an OCIP.

When determining which program is best for your project, here are some of the benefits and challenges you should be aware of.  

Read More

Topics: Wrap-Up Insurance, CCIP, OCIP