Owner/Contractor Controlled Insurance Programs (often called "Wrap Ups") enable owners and contractors to purchase an all-encompassing insurance program to cover the design, construction, and property of a development project. A properly structured OCIP/CCIP provides comprehensive coverage, independence, and leverage for the buyer.
Owner/Contractor project specific coverage
Control over loss prevention and claims handling decisions
Bulk purchasing leverage
Locked project pricing
End-of-project portfolio transfer opportunity
ADVANTAGES OF A WRAP UP
OCIP/CCIP WRAP UPS