Owner-controlled insurance program

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). Although an OCIP may be set up in a variety of ways, a policy package usually contains, at a minimum, Commercial General Liability (CGL), excess liability insurance, workers' compensation (WC) and employers' liability (for regular civil actions arising from WC injuries).

Source: Wikipedia — Owner-controlled insurance program (CC BY-SA 4.0)

Owner-controlled insurance program

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). Although an OCIP may be set up in a variety of ways, a policy package usually contains, at a minimum, Commercial General Liability (CGL), excess liability insurance, workers' compensation (WC) and employers' liability (for regular civil actions arising from WC injuries).

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Source: Wikipedia "Owner-controlled insurance program" · CC BY-SA 4.0

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