Owner Controlled Insurance Program (OCIP)

Construction > Services > Owner-Controlled Insurance Program (OCIP)

Owner Controlled Insurance Program (OCIP)

Owners have implemented wrap-ups to realize premium savings, improve coverage terms and limits, and hedge against rate increases. To fully maximize the potential of a wrap-up, successful contractors and owners count on Alliant for program design, implementation and administration.

An OCIP is a managed insurance program used for a single construction project or a series of construction projects. Rather than each contractor providing its own insurance and passing this cost to the owner through the construction contract, the owner of the project purchases certain lines of insurance to cover most of the contractors on a job site.

Employing an OCIP replaces the need for the contractors and subcontractors to provide insurance coverage and allows the owner to control and manage the overall safety program of the projects included in the wrap-up. All construction, materials, hazard, workers’ compensation, terrorist, and other building-related insurance is purchased by the property owner as part of a single policy from a single insurer. OCIPs are more cost effective than traditional insurance and provide a wide array of benefits to all the stakeholders involved in the project.

For more information, contact:

Craig Graham

Senior Vice President

(213) 443-2462

Kevin Dolan

Senior Vice President

(212) 895-2911

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Owner Controlled Insurance Program (OCIP)

For more information, contact: