NSITE DOCUMENT

Attachment A-Owner Controlled Insurance Program.docx

  • Library: Purchissues
  • Year Created: 2022
  • File Type: DOCX
The document outlines the establishment of an Owner Controlled Insurance Program (OCIP) for a construction project. The OCIP provides General Liability Excess/Umbrella Liability insurance and Workers’ Compensation for on-site work operations at the Project Site covering the Contractor and its enrolled subcontractors. Contractors and subcontractors are required to participate and enroll in the OCIP, comply with administrative, insurance, and safety requirements, submit necessary forms, maintain accurate records, comply with safety regulations, and report accidents promptly. The insurance provided by the Owner offers broad coverage and high limits but may not cover all insurance needs. Excluded parties from the OCIP coverage include specific subcontractors and activities. The document details insurance coverages provided under the OCIP, including Workers' Compensation Insurance, Commercial General Liability, Excess Liability, and Builders Risk/Property Insurance. It also outlines procedures for enrollment, insurance coverage termination, and reporting requirements. Contractors and subcontractors are required to exclude insurance costs from their bids as the premiums and deductibles are paid for by the Owner.
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