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A Contractors Guide to CCIP Insurance - Construction Business Owner . . . A CCIP may be implemented to cover a single project, or it can cover all eligible projects enrolled into the program on a continuous or “rolling” basis Under CCIP insurance, the general contractor usually purchases general liability, excess liability and workers’ compensation insurance for his or her company and enrolled subcontractors
A Contractors Guide to OCIPs - Construction Business Owner Magazine Mike Hastings is a national project risk practice leader within Marsh’s U S Construction Practice Over the past 17 years, he has taken a lead role in developing and implementing Marsh’s consultative approach to construction project risk management, including risk identification, financial modeling, loss control and mitigation, insurance program design, and consulting services for company
Improve Your Construction Risk Management Strategy When this shift happens, it becomes much easier to implement advanced risk financing programs like CCIP and SDI A Risk management success story Turner Construction Company restructured their risk management team in the late 1990s and has had positive results In the 1990s, Turner was a $4 to $5 billion company with 3,000 employees
The Power of Wrap-Up Insurance They are formally referred to as controlled or consolidated insurance programs (CIPs), and are differentiated by the sponsor A contractor-controlled insurance program is a CCIP, while an owner-controlled insurance program is an OCIP The difference is simply who sponsors the program, and, consequently, who assumes the most risk
Becoming a Successful CCIP Candidate - Construction Business Owner Magazine Common traits of a good CCIP candidate include: - A highly-developed safety cultre that permeates throughout the company, including project managers, superintendents, tradesmen and subcontractors of ever tier - Experience in managing claims under a high-deductible program - A robust subonctractor prequalification process - Well-established subonctractor relationship in the areas they operate
Project Protection 101: Exclusive Insights for Cost Challenges “Insurance products like builders' risk, owner-controlled insurance programs (OCIP), and contractor-controlled insurance programs (CCIP) are essential to protecting construction professionals of all kinds,” explains Tejeda
Environmental Liability Insurance: Securing the Best Option The other involves carrying some type of environmental insurance, predominantly Contractors Pollution Liability (CPL) insurance, either as part of a Contractor or Owner Controlled Insurance Program (CCIP OCIP) or straightforward project CPL insurance