.: Wrapid Specialty Wrap Up Insurance OCIP policy Consulting and Administration

A wrap-up policy (also known as an Owner Controlled Insurance Policy "OCIP" or Contractor Controlled Insurance Policy "CCIP") is a single insurance policy naming all construction participants for coverage on all general liability and/or workers’ compensation risks on a given project. In addition to consolidating all insured's onto one policy, it typically provides occurrence coverage for a period of ten years from the date of completion of the project, thus eliminating the need to purchase ongoing policies for the duration of exposure to construction defect claims.

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