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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.
Topics: Wrap-Up Insurance, CCIP, OCIP
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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.
Topics: Wrap-Up Insurance, CCIP, OCIP
