Owner Controlled Insurance Programs are very popular on large construction projects. Our firm has administered many of these programs for major construction projects with a single project value in excess of $1 billion.

 An Owner Controlled Insurance Program is………………….

A comprehensive insurance program that provides coverage for all contractors and their employees working on the project.  The contractors work under the owner's insurance not their own insurance. This program is excellent for large governmental projects and projects built by large contractors or developers.

The Benefits……………………….

The Owner or Contractor who sponsors the OCIP can save significant money

Higher limits of liability

Contractors do not have to purchase additional insurance or increase their limits of liability which can be very costly

 What Insurance Coverages Are Provided……………………

Typically, General Liability, Workers’ Compensation, and Builders Risks.  Other insurance may be included such as Professional Liability and Environmental Liability.

 Project Size……………………………..

OCIP’s are generally best suited for a single project that is $100 million or more in value.  Rolling OCIPS, where there are numerous projects that are either built simultaneously or one after another, the dollar value of the projects can be as low as $35 million.

What Type Of Projects Are Suitable For An OCIP………………..

Any construction project that meets the minimum size guidelines:  almost all horizontal and vertical construction projects including buildings, roads, bridges, transportation, airports, seaports, power plants, major commercial real estate projects.

P.A.Wallace & Associates, Inc. has extensive experience administering Owner Controlled Insurance Programs. We conduct feasibility studies to determine the projects suitability for an OCIP. Our Company has coordinated and administered OCIPS for projects with a construction value in excess of $1 billion. We have also partnered with the largest insurance brokers in the world on many of these major projects.  Our portfolio of projects includes:

·         New Orlando Events Center

·         Orange County Convention Center

·         Diplomat Resort & Country Club

·         Universal Studios