Construction OCIP/CCIP Insurance Programs: Potential Coverage Gaps and Other Coverage Pitfalls
Coordinating With Other Policies; Navigating Issues With Unenrolled Subs, Additional Insured Issues and More
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will analyze some of the potential coverage gaps and other coverage pitfalls possible in owner controlled insurance program (OCIP) and contractor controlled insurance program (CCIP) policies, and practical steps that the wrap sponsor and subcontractors can take to prevent or limit risk exposure.
- Brief overview of OCIP/CCIP policies
- Pros and cons
- Enrolling subcontractors
- Who is included, who is not?
- Proper enrollment
- Interplay with workers’ compensation policies
- Interplay with owner, contractor and subcontractor standard CGL policies: endorsing standard policies to reflect the OCIP/CCIP
- “Other insurance” and priority of payments in competing policies
- Issues that arise with additional insureds
- Insolvency of OCIP/CCIP carrier
The panel will review these and other key issues:
- How should the policy form and endorsements in CIP policies be drafted to ensure that the CIP policy coverage is optimized and pays on a primary, non-contributing basis?
- What must the subcontractor do to enroll in the wrap plan and what are the consequences for the sub’s failure to enroll?
- What is the interplay between CIP and builder’s risk policies and how should endorsements in CIP policies be drafted to reduce potential gaps between the two policy types?
- What is the interplay between CIP policies and a contractor’s or subcontractor’s own CGL insurance and issued additional insured endorsements?
Finley T. Harckham
Mr. Harckham regularly represents and advises corporate policyholders in insurance coverage matters. He has... | Read More
Mr. Harckham regularly represents and advises corporate policyholders in insurance coverage matters. He has successfully litigated, arbitrated and settled hundreds of complex coverage claims. His areas of particular focus include property loss, business interruption, directors and officers liability, construction, professional liability, aviation liability and general liability claims. He also founded two Anderson Kill non-legal subsidiaries, Anderson Kill Insurance Services, LLC, and Anderson Kill Loss Advisors, LLC, which provide insurance consulting and property and business interruption loss quantification and settlement services.Close
John R. Musitano, Jr.
Cox Castle & Nicholson
As a Member of the firm’s Risk Management and Insurance Team, Mr. Musitano resolves insurance coverage, real... | Read More
As a Member of the firm’s Risk Management and Insurance Team, Mr. Musitano resolves insurance coverage, real estate and construction litigation disputes. He represents owners, developers, contractors and investors in both litigation and transactional matters involving complex and diverse exposures. Mr. Musitano is a frequent author and lecturer on construction and insurance law topics.Close
Larry P. Schiffer
Squire Patton Boggs (US)
Mr. Schiffer practices in the areas of commercial, insurance and reinsurance litigation, arbitration, and mediation. He... | Read More
Mr. Schiffer practices in the areas of commercial, insurance and reinsurance litigation, arbitration, and mediation. He also provides advice on coverage, insurance insolvency, and contract wording issues for a wide variety of insurance and reinsurance relationships. He is active in legal and insurance industry associations where he has held various leadership positions. Mr. Schiffer has lectured in the U.S. and the UK, and has been widely published on reinsurance and other insurance, litigation, and technology topics in various national and international journals and publications.Close