OCIP – Construction Insurance for Schools
An owner controlled insurance program (OCIP) is a consolidated insurance and risk management program implemented for a single construction project.
Recent OCIP projects:
The OCIP program “pools” all construction project participants – the member, its general contractor and subcontractors – under the same insurance “umbrella” for workers’ compensation, general liability and pollution coverage. In addition to providing standard coverage and high limits with a financially secure carrier, the program offers safety and risk management services, oversight and solutions that benefit all project participants.
While cost savings are always the focus of an OCIP, the following features are significant program enhancements:
Insurance Coverage Provided
| Coverage |
|---|
| Workers' Compensation |
| General Liability |
| Owner's Protective Professional Indemnity (excess of Contractor's Professional Liability) |
| Breach of Contract (Defense Costs Only) |
| Contractors Pollution Liability |
| Ten Year (10) Completed Operations |
Builder’s Risk Coverage
Optional District-controlled coverage at volume rates is available through ASCIP’s Master Builder’s Risk Program.
Attributes of the OCIP Program
- Our program is proven and reliable – established 20+ years ago
- OCIP Administration includes insurance verification, compliance and tracking services
- Highlights job site safety for students, staff, public and construction workforce
- Monthly safety audits and pre-construction drug screening
- One carrier minimizing usual claim disputes between contractors
- ASCIP claims oversight
- Covered claims paid quickly
- Prevents project delays
- Reduces potential for cross-litigation
- Provides broad insurance coverage and higher limits
- No multi-project commitments required
- Encourages small and local business participation
- Supports project labor compliance efforts