Controlled Insurance Program Definition

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Controlled Insurance Program CIP Insurance Glossary

A variation on the owner controlled insurance program OCIP or contractor controlled insurance program CCIP all of which provide a master insurance safety and claim management program for enrolled contractors performing work on a construction project.

Link: https://www.irmi.com/term/insurance-definitions/controlled-insurance-program

Actived: Wednesday Jan 16, 2019 (5 days ago)

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Controlled Insurance Program CIP - Investopedia

A controlled insurance program CIP refers to a type of insurance policy that consolidates coverage for contractors and subcontractors into a single policy. Under this type of insurance program

Link: https://www.investopedia.com/terms/c/controlled-insurance-program-cip.asp

Actived: Tuesday Jun 19, 2018 (7 months ago)

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Owner-controlled insurance program - Wikipedia

An owner controlled insurance program OCIP is an insurance policy held by a property owner during the construction or renovation of a property which is typically designed to cover virtually all liability and loss arising from the construction project subject to the usual exclusions . Although an OCIP may be set up in a variety of ways a

Link: https://en.wikipedia.org/wiki/Owner-controlled_insurance_program

Actived: Thursday Jan 17, 2019 (4 days ago)

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Controlled Master Insurance Program Insurance Glossary

An insurance program for a multinational business wherein the coverage terms and conditions apply on a blanket basis to all of the insured s international operations.

Link: https://www.irmi.com/term/insurance-definitions/controlled-master-insurance-program

Actived: Thursday Jan 10, 2019 (11 days ago)

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The Owner-Controlled Insurance Program OCIP ExpertLaw

An OCIP is an Owner-Controlled Insurance Program a type of insurance plan also known as a construction wrap-up insurance program. As a wrap-up plan the OCIP replaces the traditional model under which the parties to a construction project would each obtain their own separate insurance coverage.

Link: https://www.expertlaw.com/library/business/ocip.html

Actived: Wednesday Jan 16, 2019 (5 days ago)

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Controlled Insurance Program - How is Controlled Insurance

In controlled insurance programs CIP or wrap-up insurance programs the sponsor purchases insurance policies to cover the construction project and asks contractors to back out the costs of general liability excess umbrella and workers compensation insurance on their bids.

Link: https://acronyms.thefreedictionary.com/Controlled+Insurance+Program

Actived: Wednesday Dec 19, 2018 (1 months ago)

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What is an OCIP

What Is An OCIP An Owner Controlled Insurance Program OCIP or wrap-up program is a coordinated insurance program for construction projects. An OCIP unlike traditional construction insurance coverage provides eligible participants of a construction project with general liability coverage under one policy.

Link: http://www.wrapinsurance.com/services/what_is_an_ocip.aspx

Actived: Friday Jan 18, 2019 (4 days ago)

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What Is a Contractor Controlled Insurance Program Bizfluent

A contractor controlled insurance program is a type of umbrella insurance policy. The policy names all project entities for general liability. It sometimes identifies workers compensation risks that may be present. A wrap-up policy may also include occurrence coverage for defects in construction claims for a specified number of years.

Link: https://bizfluent.com/about-5207664-contractor-controlled-insurance-program-.html

Actived: Tuesday Jan 15, 2019 (7 days ago)

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Pros And Cons Of Controlled Insurance Programs - Law360

A controlled insurance program sponsored and controlled by the owner OCIP or by the general contractor CCIP typically includes both primary and excess general liability insurance and workers

Link: https://www.law360.com/articles/803506/pros-and-cons-of-controlled-insurance-programs

Actived: Monday Jun 6, 2016 (2 years ago)

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