Podcast: OCIP / CCIP Coverage | Brouse McDowell | Ohio Law Firm

Podcast: OCIP / CCIP Coverage

By Amanda M. Leffler & Marc Holland on August 7, 2018

The Issue. Owner Controlled Insurance Programs (OCIP) and Contractor Controlled Insurance Programs (CCIP), both also known as “Wrap-ups,” have become more and more common. There is still some disconnect within the construction industry as to coverage within these “master insurance policies” that are specifically dedicated only to a particular project or project grouping.

Why It’s Important.
While the coverage provided under the wrap-up is typically broader than a contractor’s own policy(ies), wrap-ups present unique challenges and it is important to let your insurance broker know when you may become a party to a project performed under a wrap-up.

Short Answer.
Have your policy(ies) reflect that they will protect you for losses exceeding the wrap-up and extend to Completed Operations following the expiration of the wrap-up policy. Get a copy of the wrap-up policy for your own internal file. You are an insured under the wrap-up policy and you have a right to have a copy.

This Podcast is intended to provide information generally and to identify general legal requirements. It is not intended as a form of, or as a substitute for legal advice. Such advice should always come from in-house or retained counsel. Moreover, if this Podcast in any way seems to contradict the advice of counsel, counsel's opinion should control over anything written herein. No attorney-client relationship is created or implied by this Podcast.
© 2022 Brouse McDowell. All rights reserved.

Share Article Via

We use cookies on our website. To learn more about how we use cookies and how to change your cookies settings if you do not want cookies on your computer, please see our updated Privacy Statement. By continuing to use this site you consent to our use of cookies in accordance with our Privacy Statement.