• videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Real Estate - Transactions
  • schedule 90 minutes

Construction OCIP/CCIP Insurance Programs: Potential Coverage Gaps and Other Coverage Pitfalls

Coordinating With Other Policies; Claims Issues

$297.00

This course is $0 with these passes:

CLE
ALL
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About the Course

Introduction

This CLE course will analyze some of the potential coverage gaps and other coverage pitfalls possible in owner-controlled insurance programs (OCIP) and contractor-controlled insurance programs (CCIP) policies. The panel will address practical steps that the wrap sponsor and subcontractors can take to prevent or limit risk exposure and maximize coverage.

Description

OCIP and CCIP policies are designed to reduce costs on construction projects and provide owners and contractors more control over risk management. Once the province of very large commercial contracts, these forms of wrap insurance programs have become more common, partly due to the increase in construction-defect litigation.

While designed to include owners, general contractors, and subcontractors under one insurance program, there can be coverage gaps and other coverage pitfalls with wrap policies, especially if the programs are not set up and implemented carefully.

Key issues include the proper enrollment of subcontractors and the interplay with CGL and other insurance policies of both the sponsor and the subs. Without careful consideration of the policy forms, e.g, manuscripted endorsements, "other insurance" provisions, etc., the goal of optimizing the coverage from the intended insurance program may be frustrated.

Listen as our authoritative panel of insurance attorneys analyzes coverage gaps and other pitfalls that may arise in OCIP/CCIP policies. The panel will discuss practical steps OCIP/CCIP sponsors and subcontractors can take to prevent or limit risk exposure and maximize coverage.

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Tuesday, October 8, 2024

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Brief overview of OCIP/CCIP policies
    1. Purpose
    2. Pros and cons
  2. Enrolling subcontractors
    1. Who is included, and who is not?
    2. Proper enrollment
  3. Interplay with builders risk policies
  4. Interplay with owner, contractor, and subcontractor standard CGL policies: endorsing standard policies to reflect the OCIP/CCIP
  5. "Other insurance" and priority of payments in competing policies
  6. Excess of wrap coverage
  7. Workers' comp bar: principal employer
  8. Tips to protect your interest in a wrap-up program

The panel will review these and other noteworthy issues:

  • Drafting the policy form and endorsements in CIP policies to ensure that the CIP policy coverage is optimized and coverage gaps are avoided
  • What the subcontractor must do to enroll in the wrap plan and the consequences for the sub's failure to enroll
  • The interplay between CIP and builders risk policies
  • Endorsements in CIP policies that reduce potential gaps between the two policy types
  • The interplay between CIP policies and a contractor's or subcontractor's own CGL insurance and issued additional insured endorsements