Michael Jefferson | Davis Wright Tremaine Developers and owners often find that obtaining insurance coverage for their construction projects can be confusing and unnecessarily complicated. When dealing with construction projects in excess of $50 million, an Owner Controlled Insurance Program (“OCIP”) (also known as Wrap-Up or consolidated insurance) may be an option for owners to… Continue reading To OCIP or Not to OCIP, That Is the Question – Pros and Cons of Wrap-Up Construction Insurance
Tag: Wrap-Up Insurance
“That’s a Wrap!” How Wrap-Up Insurance Policies Have Streamlined Construction Defect Litigation
Michael P. Zech | Koeller Nebeker Carlson & Haluck Construction defect litigation was traditionally slow-moving, contentious, and costly for several reasons. First, the sheer number of parties—the property owner, the general contractor, and many subcontractors—typically involved in the litigation made prompt and efficient resolution difficult. With so many parties having various interests that sometimes aligned… Continue reading “That’s a Wrap!” How Wrap-Up Insurance Policies Have Streamlined Construction Defect Litigation
Understanding Wrap Insurance Policies
Jeff G. Coyner | The Green Law Group Construction job sites entail particular liabilities for property owners and contractors alike. To effectively manage this liability, many job sites now include an Owner Controlled Insurance Program (OCIP) or a Contractor Controlled Insurance Program (CCIP). These programs are becoming more and more popular as a way to… Continue reading Understanding Wrap Insurance Policies
Construction Wrap-Up Insurance Programs: Erecting a Solid Foundation, Part I
Dennis J. Artese, Finley T. Harckham and Luma S. Al-Shibib | Construction Executive In the construction industry, owner-controlled insurance programs (OCIPs) and contractor-controlled insurance programs (CCIP), also referred to as “wrap-ups,” commonly are used to provide insurance coverage for the owner, general contractor and subcontractors on a project. Under these programs, one set of insurance… Continue reading Construction Wrap-Up Insurance Programs: Erecting a Solid Foundation, Part I
Construction Wrap-Up Insurance Programs: Erecting a Solid Foundation, Part II
Dennis J. Artese, Finley T. Harckham and Luma S. Al-shibib | Construction Executive In the construction industry, owner-controlled insurance programs (OCIPs) and contractor-controlled insurance programs (CCIP), also referred to as “wrap-ups,” commonly are used to provide insurance coverage for the owner, general contractor and subcontractors on a project. Part I previously covered the basics and implementation of… Continue reading Construction Wrap-Up Insurance Programs: Erecting a Solid Foundation, Part II