Construction OCIP/CCIP Insurance Programs
June 15 2022 @ 1:00 pm - 3:00 pm MST
You're excited about bidding on a project and are notified that you will be required to be insured by an OCIP or CCIP. Used on residential, commercial and public projects and designed to reduce costs on construction projects and provide owners and contractors more control over risk management. What you should know before enrolling?
Key topics include:
- Overview of owner-controlled insurance programs (OCIP) and contractor-controlled insurance programs (CCIP) policies.
- Benefits/disadvantages
- Steps subcontractors can take to prevent or limit risk exposure
- How these policies work/interact with other policies (work comp, general liability, other)
- Risks/Pitfalls/Issues – coverage gaps, additional insureds, no defense coverage, contractors hit for HOAs, solvency/insolvency of OCIP/CCIP carrier, etc.
- Key questions to ask plan sponsor prior to enrolling
You don’t want to miss this opportunity to learn valuable information so that you and your company can mitigate the risks and limit exposure to construction defect litigation on projects associated with OCIPs/CCIPs.
We know many of you want to get back to in-person events, so we hope to see you there. Snacks, beverages, and networking give that added value! (A virtual option will also be available.)
You WILL NOT want to miss this low-cost opportunity to gain valuable knowledge for you and your business!
