Owner-Controlled Insurance Program (OCIP)
Commonly referred to as a “wrap up,” an Owner-Controlled Insurance Program (OCIP) can provide substantial savings to the overall cost of a large construction project.
An OCIP is a single insurance program that provides certain coverages for job site construction risks of the owner, construction manager, general contractor, and subcontractors. It should be considered for any project with expected hard costs of $50 million or above.
The Alliant OCIP Approach: Manage Risks and Provide Greater Control
With well over $6 billion in construction hard costs insured under our wrap-up programs, the specialty construction team at Alliant Insurance Services has the experience and skills needed to customize the right insurance program for your project. We actively connect with you during the project pre-construction phase, efficiently execute the program during construction, and use our innovative techniques and technologies to diligently follow through after the project is completed. This comprehensive approach enables us to maximize the OCIP to manage your risks and provide greater control over total construction costs while enhancing overall project safety.
OCIP Coverage Placement
Our OCIPs typically include the traditional primary coverages of workers’ compensation, commercial general liability, and excess liability. In addition, ancillary coverages such as builders risk, pollution, accidental death and dismemberment, excess auto liability, project professional liability, or owner’s protective professional indemnity can be added to the program if needed.
Key Benefits of an Owner-Controlled Insurance Program
Coverage
A single insurance program covering all parties of the project
Consistent coverage with one set of adequate limits
Elimination of coverage gaps
Financial
Service
Sole source administration center for certificate management, enrollment, and data processing
Centralized claims processing
Centralized safety program management and loss control
Optimizing Benefits of an OCIP
Our extensive experience in the construction and OCIP arenas allows us to utilize the benefits of an OCIP to the highest levels for our clients. By maximizing the traditional financial, coverage, and service benefits of an OCIP approach, we are able to achieve superior results, including:
Providing the broadest coverages available to protect the risks and interests of the owner, contractor, and public, while leveraging Alliant’s strength in the marketplace, ensures that the owner receives the full benefit of the economies-of-scale approach offered by an OCIP
An administrative program managed and operated entirely by our team so the owner can focus on the project and is not burdened by OCIP program administration. This turnkey approach supplies the owner with a powerful risk management tool to help keep their project on schedule and under budget
A loss control program with a level of expert oversight that significantly reduces on-the-job injuries
A claims program that reduces costs and facilitates quick claims closure
Meeting Your Unique Construction Insurance Needs
The Alliant OCIP team understands that all construction projects are not created equally. Just as you would not build your project with blueprints designed for a different project, we will not design your insurance program based upon another owner’s risks or with boilerplate policies.
Through effective communication with you from the early stages of the pre-construction phase, we will design a customized insurance and loss control program to meet the individual risks of your project, as well as tailoring administrative services to manage and operate your OCIP program with streamlined efficiency throughout the course of construction and into project completion.
Proven Public Entity Experience
The Alliant OCIP team brings expertise in a wide variety of areas specifically related to public entity construction. These include depth of knowledge and experience in the following areas:
The Alliant OCIP Advantage
In partnering with Alliant Insurance Services for your OCIP program, you will receive:
Tremendous public entity, Tribal Nation, private sector, and construction brokerage experience
Straightforward and complete access to all of Alliant’s resources
Program design expertise for multi-site locations
Service from construction experts operating OCIPs—not brokers servicing the construction trades