SBCA Insurance Series: OCIPs/WRAPs

Description

Unlock the Mystery of OCIPs/WRAPs: What You Need to Know Before You Bid

SBCA invites you to the next session in our hit Construction Insurance Series—designed to give you the knowledge you need to stay competitive and protected.

Topic: OCIPs/WRAPs – When They Work, When They Don’t, and What You Need to Know

Owner Controlled Insurance Program (OCIP), also known as wrap-up insurance, is an insurance policy purchased by a project owner to cover the entire construction project and most of the parties involved, including the general contractor and subcontractors. 

While OCIPs offer several advantages, opting not to have one or having an inadequately structured or managed OCIP presents several dangers:

• Coverage gaps and inconsistencies 
• Increased costs and financial risks 
• Complicated claims handling and litigation 
• Less control and oversight 
• Administrative burden

Join us for an informative, Q&A-style session led by Morris & Garritano, featuring John Distefano of Paladin Risk Management.

• Why and when OCIPs/WRAPs are used
• The red flags to watch for
• Tips for participating successfully
• How to bid these projects with confidence

Date: Wednesday, August 20
Time: 12:00pm – 1:30pm

Lunch Provided

FREE for SBCA Members
$20 for Non-Members

Seats are limited—RSVP today to secure your spot!