What is an OCIP, CCIP, or wrap-up program?
OCIP stands for Owner Controlled Insurance Program. An OCIP, or wrap-up, is an insurance program for a specific construction project purchased and administered by the project owner. The program provides specific insurance coverage for the project. A CCIP is a Contractor Controlled Insurance Program. CCIPs are similar to OCIPs except the general contractor purchase the insurance. Since coverage can vary from one project to another, you should review the specific insurance policy for a project or contact your broker or attorney to obtain additional information about what is covered.
