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  • Co Ocip-s(1) 2014

Get Co Ocip-s(1) 2014-2025

____________________________________________________________ Your Company was hired by: % Self-Performed Work: _____________________________________________________________________________________________ ______________________________ Contract Amount: $ ___________________________________ I. Workers’ Compensation and Employers Liability Labor Classification WC Class Code Estimated Man Hours WC Rate (Per $100 of Payroll) Estimated Payroll Policy Deductible Premium Subtotal: Increas.

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Related content

Colorado Department of Transportation (OCIP)
1. Exhibit 1.F.1-1. January 13, 2014. Colorado Department of Transportation (OCIP)...
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1-1-2012. OCIPs in the Future of the Insurance Industry: Legal and Regulatory...
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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.

A contractor-controlled insurance program (CCIP) is a form of wrap-up insurance that is designed to protect Asset Owners, General Contractors, and Subcontractors from risk on the construction site. A CCIP consolidates several different coverages into one package that is then managed by the General Contractor.

Eliminates overhead and profit loadings by contractor. Facilitates purchase of cover for existing structures and delay in completion coverage. Not affected by insolvency of a project partner or removal of contractor from the project. Facilitates a uniform and disciplined approach to risk management.

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).

OCIP. 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.

Contractors' all risk insurance, also referred to as Contract Works Insurance or Construction Insurance, is a non-standard insurance policy that provides coverage for accidental physical loss or damage that occurs to a property insured during the construction period.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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