Wrap-up insurance programs: Cost containment for the construction industryBILL BRENNAN
A word of caution:even if a wrap-up program is purchased for a residential project, residential wrap-up policies often have a "residential" exclusion, and careful attention is required to ensure the policy language does not exclude the type of project the insurance is intended to insure. Addit...
Learn about wrap-up insurance programs, why they are good for large construction projects, and the pros and cons of OCIPs vs. CCIPs.
WrapPortal Wrap-up insurance software is an advanced, web-based solution for sponsors, brokers, administrators, and contractors to manage their OCIP and CCIP wrap-up programs. It is customizable, secure, and scalable, with easy-to-use interfaces.
Wrap-Up Resources specializes in the development, implementation, and administration of OCIP, CCIP, and Wrap-Up insurance programs.
Wrap-Up Resources specializes in the development, implementation, and administration of OCIP, CCIP, and Wrap-Up insurance programs.
Wrap or “wrap-up” insurance policies are designed to reduce costs and avoid headaches on major construction projects. Wrap insurance generally covers all construction related parties in a construction project under one umbrella policy. The wrap policy will ordinarily provide project specific general li...
The article focuses on the significance of Contractor Controlled Insurance Programs (CCIPs) or Owner Controlled Insurance Programs (OCIPs) among the contractors and subcontractors in the U.S. These wrap-up insurance programs allow the project sponsor to acquire insurance for major entities. It points...
A Controlled Insurance Program (CIP) or Wrap-Up is an effective way to improve the safety and reduce insurance costs of large, multiple-contractor, constru... KM Bogdan 被引量: 0发表: 2011年 Owner Controlled Insurance Program (OCIP) Wrap Up Documentation As and when, any trade subcontractor...
OCIP (Owner Controlled Insurance Program) and wrap-up Insurance are both types of insurance policies used in construction projects. The main difference lies in who obtains and controls the insurance coverage. In an OCIP, the project owner purchases and manages the insurance, while with wrap-up co...