Project Specific Construction Insurance - Construction Shaft

Project Specific Construction Insurance

Construction

Owners and Contractors Project Specific Insurance Programs

The comprehensive project-specific construction insurance program from Hugh Wood United States addresses the specific needs of the construction industry and consists of the following solutions:

  • Owner Controlled Insurance Programs (OCIP)
  • Contractor Controlled Insurance Program (CCIP)
  • GL & Excess Liability Wrap Policies
  • Owners Interest Project Specific
  • Owner/GC Project Specific

Our focus is on designing a complete insurance package covering the Owner’s and Contractor’s interests and protects all tiers of subcontractors and general contractors from project-specific risk exposures.

We collaborate with the leading wrap-up insurance carriers and administrators to ensure we provide you with the most innovative and exceptional program structure for your project needs.

Therefore, our team can provide comprehensive solutions for any construction project in the United States, and we look forward to assisting you with your construction project and risk control plan.

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Controlled Insurance Programs/Wrap-Ups

What are Controlled Insurance Programs/Wrap-Ups?

A wrap up is a type of insurance that protects your business from loss or damage during the course of building a new project. This type of coverage is typically more comprehensive than property or liability insurance because it covers all parties involved in your construction project contract, such as subcontractors and suppliers.

Benefits of Controlled Insurance Programs

The main benefit of having a project-specific insurance policy is that it protects all parties involved in the construction process and avoids any gaps in insurance.

By combining insurance policies for general liability, workers’ compensation, and excess/umbrella liability into a single program, you receive a streamlined and simplified insurance plan that is cost-effective and provides administrative efficiency for large commercial construction projects.

This means that contractors, material suppliers, subcontractors, architects, engineers, etc., become insured on the same insurance policy. This simplifies administration and results in savings to the owner of the project.

coverage

We can consult you on the following cover:

  • General Liability
  • Excess Liability
  • Builders Risk
  • Owners/Contractors Protective Professional and Pollution
  • Project Pollution Coverage
  • Builders Risk – including GL Wraps, OCIP’s & CCIPS, OPPI
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