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Georgia (OCIP) Owners Controlled Insurance Program
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Owner Controlled Insurance Programs (OCIPs) have been traditionally
used for large, commercial projects with construction costs of $50
million or more. Today they are being used for all sizes of residential
construction projects.
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An Owner Controlled Insurance Program is a wrap-up under which a
construction project owner provides several insurance coverages to
contractors and subcontractors. Compared to more standard
fragmented insurance programs, an OCIP can sometimes reduce an
owner's insurance project costs by 1-2%.
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An OCIP can insure multiple jobsites or be site
specific. Most OCIPs are multi-year programs with a
fixed duration. For large construction projects, the
most common duration is 2-5 years. An Owner
Controlled Insurance Program normally applies to all
contractors and subcontractors performing work at
the project jobsite or jobsites.
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The insurance coverages usually included in an OCIP
are commercial general liability, workers comp,
employers liability, and excess/umbrella liability. An
Owner Controlled Insurance Program can also include
environmental liability insurance, builder's risk, and
professional liability for design professionals.
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There is one significant difference between an OCIP
and a Wrap Up. On an Owner Controlled Insurance
Program, the owner is the sponsor who provides
insurance for all parties. The owner has complete
responsibility for the insurance procurement, which
includes direct payment of premiums, and also
including the management and administration of the
entire program.
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Key coverage benefits:
A single insurance program covering all parties of
the project
Consistent coverage with one set of adequate limits
Elimination of coverage gaps
Centralized plan administration and service (claims
& enrollment)
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Key financial benefits:
Savings on total construction project costs
Centralized safety program management and loss
control
Elimination of cross litigation exposures
Decreased cost markups
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Click on the link below to fill out a quote request form for a Georgia
Owner Controlled Insurance Program that regardless of whether
you're a large, mid-sized, or small business, will provide exceptional
insurance coverage for your construction project at an affordable cost.
Or you can speak with our Georgia OCIP specialist at (678) 921-4650
to discuss the policy coverage in more detail.
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We are an Atlanta, GA insurance agency offering comprehensive Georgia
owners controlled insurance program coverage plans to businesses located in the following cities and counties in Georgia: Smyrna, Douglasville, Vinings, Oakdale, Sandy Springs, Marietta, Riverside, Carey Park, Adamsville, Bolton, Center Hill, Grove Park, Buckhead, Morningside, Fair Oaks, Privette Heights, Dunwoody, Chamblee, Doraville, Skyland, Brookhaven, Embry Hills, Oak Grove, Rehoboth, Vista Grove, East Marietta, Toco Hills, North Druid Hills, Decatur, Scottdale, Clarkston, Belvedere, Pendley Hills, South Decatur, Druid Hills, Gresham Park, Avondale Estates, Panthersville, North Decatur, Cedar Grove, Conley, Forest Park, College Park, East Point, Stockbridge, Morrow, Riverdale, Stone Mountain, Union City, Mableton, Lithia Springs, Winston, Douglasville, Austell, Powder Springs, Hiram, Dallas, Kennesaw, New Hope, Kennesaw, Acworth, Woodstock, Roswell, Alpharetta, Norcross, Duluth, Gainesville, Buford, Auburn, Winder, Cartersville, Rome, Cedartown, Peachtree City, Buckhead, Canton, Cumming, Braselton, Sugar Hill, Hoschton, North Atlanta, Tucker, Pine Lake, Mountain Park, Glen Haven, Belmont, Redan, Pittsburg, Lilburn, Luxomni, Snellville, Five Forks, Centerville, Whitney, Pannell, Lithonia, Dialtown, Flint Hill, Conyers, Milstead, Klondike, Panola, Snapfinger, Magnet, Gloster, Bethesda, Pleasant Hill, Pittman, Mechanicsville, Meadow, Berkeley Lake, Lawrenceville, Forest Hills, Suwanee, Northwoods, East Lake, East Atlanta, Oakhurst, La Vista, Brookhaven, Doraville, Fulton County, Dekalb County, Forsyth County, Gwinnett County, Walton County, Newton County, Paulding County, Douglas County, Cherokee County, and Cobb County, GA. We can also offer experienced Georgia OCIP coverage services to small businesses throughout the Peach state, including in Macon, Columbus, Augusta, Athens, and Savannah, GA. |
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Georgia
Business Insurance
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Owners Controlled
Insurance Program |
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JRS Risk Services
2727 Paces Ferry Rd. SE
Building 1, Suite 260
Atlanta, Georgia 30339
Cobb County, GA
Office: (678) 921-4650
Fax: (678) 921-4651
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Answer a few questions and
we can provide you with an
insurance quote by phone or email. Choose a Georgia business or personal insurance coverage from the menu above. |
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JRS Risk Services
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Insurance Coverages - Insurance Solutions
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JRS Risk Services
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particular insurance services is only provided for informational purposes. Any decisions regarding your insurance needs should be discussed with a licensed insurance agent. Some information on this subject matter was included within the Barron's Dictionary of Insurance Terms (Fourth Edition). |
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