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  • Verizon Gl Only Owner Controlled Insurance Program

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Verizon GL Only Owner Controlled Insurance Program Procedure Manual June 18, 2015 99 High Street Boston MA 02110 I N T R O D U C T I O N Introduction Verizon is providing a GL Only Owner Controlled.

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How to fill out the Verizon GL Only Owner Controlled Insurance Program online

Filling out the Verizon GL Only Owner Controlled Insurance Program form is a vital step for contractors participating in specified construction projects. This guide provides a clear and detailed explanation of how to complete the form accurately and efficiently.

Follow the steps to fill out the form correctly.

  1. Press ‘Get Form’ button to access the form. This will open the document in a designated editing tool.
  2. Begin by filling in the company information, ensuring to provide the legal name of the contractor, the address, and contact details including phone and email.
  3. Indicate the project identification details. Fill in the project name and contract value accurately as required in the designated fields.
  4. In the section for subcontractor information, provide details about the awarded subcontractor. Include their legal name, address, and primary insurance contact details.
  5. Ensure to attach the compliant certificate of insurance. Confirm the attachment by marking 'Yes' next to the relevant prompt.
  6. Review the entire form for completeness and accuracy. Cross-check all provided information to eliminate any errors or omissions.
  7. Once satisfied, save the changes made to the document. You have the options to download, print, or share the completed form as necessary.

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Wrap-up programs provide some unique advantages: There is no difference in insurance coverage and limits among all the various participants. The owner/general contractor is assured that no uninsured workers are on the job. Budgeting is a clear-cut issue as the insurance cost is assessed consistently.

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 used to cover all liability and losses from the construction project or projects.

OCIP policies offer Owners the benefits of reduced costs, higher dedicated limits, quicker enrolment, precise coverage, simplified claims handling, and broader contractor access.

The difference between the two is fairly apparent; OCIPs are wrap-up policies that are sponsored by the owners of the construction project while CCIPs are sponsored by the main general contractor hired to work on the project.

Both OCIP and CCIP provide liability coverage across all parties on a project. The primary difference is that a Contractor-Controlled Insurance Program (CCIP) is purchased by the general contractor, while the property or project owner holds the policy on the Owner-Controlled Insurance Program (OCIP).

For contractors, CCIP insurance leads to cost reductions, greater project control, simplified claims management, and safer project sites. Some of the potential disadvantages to contractors under a CCIP policy include greater administrative burden, the risk of false claims, and more complicated bidding.

CCIP (Contractor Controlled Insurance Program) Also referred to as “wrap-up” insurance, a CCIP covers the project owner, general contractor, and the listed subcontractors from worker's compensation and third-party general liability claims.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232