OCIP/CCIP Pollution
Offered by UCPM Environmental Insurance
Contractors CPL OCIP CCIP Pollution Liability PollutionDescription
A Controlled Insurance Program (CIP) is a centralized insurance method designed to cover project owners and associated contractors and subcontractors. This allows all to be insured without each individual party having to provide their own insurance.
CIPs can be purchased by either the project owner or the general/prime contractor, which is where the difference between OCIP and CCIP comes from. An OCIP is an Owner Controlled Insurance Program, while a CCIP is a Contractor Controlled Insurance Program.
Appetite
- Larger projects - Revenues of project roughly $25 million or higher
- Limits up to $25 million, possibly higher depending on need and contract size
- Project duration of 2-3 years plus tail coverage (usually statute of repose)
Benefits
- Includes owner, general contractor and subcontractors
- One point of contact
- Streamlined claims reporting
- More coverage for owner negligence
- There’s multiple carrier interest in this coverage
- Unified and/or improved coverage
- All controlled by one entity
Details
Carrier Information
Non-Admitted
Offered By
Availability 50 states + DC
Covered
Not Covered
