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Wrap-Up Insurance on Large Construction Projects: OCIP or CCIP

www.floridaconstructionlegalupdates.com/wrap-up-... - Details

floridaconstructionlegalupdate: Wrap-up insurance is commonplace on large, complex construction projects. There are two types of wrap-up insurance programs routinely utilized: (1) Owner’s Controlled Insurance Program (“OCIP”) or (2) Contractor’s Controlled Insurance...

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floridaconstructionlegalupdate saved this page on 01/22/2015 02:35am

Wrap-up insurance is commonplace on large, complex construction projects. There are two types of wrap-up insurance programs routinely utilized: (1) Owner’s Controlled Insurance Program (“OCIP”) or (2) Contractor’s Controlled Insurance Program (“CCIP”). Under either wrap-up program, the objective is that most (if not all) of the construction participants (such as the contractor and subcontractors) are wrapped-up or covered under one insurance coverage program.

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