Owner Controlled Insurance Program (OCIP Clause Samples

An Owner Controlled Insurance Program (OCIP) clause establishes that the project owner will procure and manage a centralized insurance policy covering all or most contractors and subcontractors working on a specific construction project. Under this arrangement, the owner typically provides coverage for general liability, workers’ compensation, and sometimes excess liability, eliminating the need for each contractor to obtain separate policies. This approach streamlines insurance administration, reduces overall costs, and ensures consistent coverage across all parties, thereby minimizing gaps or overlaps in insurance and simplifying claims handling.
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Owner Controlled Insurance Program (OCIP. Purchaser may elect to implement an Owner Controlled Insurance Program (OCIP) for all or a portion of the Work. In the event Purchaser implements an OCIP, Contractor and its Subcontractors shall enroll in the OCIP and will cooperate with Purchaser and the OCIP administrator in implementation of the OCIP, and shall reduce the amount of any labor and other fixed rates chargeable to Purchaser under this Agreement by the amount of any insurance, workers’ compensation, and similar premiums and associated charges, including claim costs and safety and administrative fees, included in such rates associated with insurance provided by the OCIP. For Work performed under a target cost incentive program, the amount of the target cost shall be reduced by the cumulative amount of such reduction in Contractor’s invoices.
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Owner Controlled Insurance Program (OCIP. The Owner may elect to implement an Owner Controlled Insurance Program (OCIP). Refer to the Project Insurance specification Section 00 73 16 for additional requirements. In addition, the Construction Manager will be required to provide the following additional insurance coverages:
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Owner Controlled Insurance Program (OCIP. The terms “Owner Controlled Insurance Program” or “OCIP” mean a project specific insurance program that will be initiated and administered by Judicial Council to provide many of the insurance requirements set forth herein during Work that will insure the interest of Contractor, any Subcontractor, performing Work at or incidental to the Project Site.
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Owner Controlled Insurance Program (OCIP. The Owner has elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the Project Insurance specification for additional requirements. In addition, the Contractor will be required to provide the following additional insurance coverage: 11.1.1 Provide Automobile Liability as set forth in the Uniform General Conditions for University of Texas System Building Construction Contracts. 11.1.2 Contractor’s construction cost shall exclude the cost of premiums for insurance coverage provided through the OCIP. The cost shall only include the cost of premiums of all other insurance required by the Contract Documents. 11.1.3 Contractor shall include required OCIP insurance information in trade packages and indicate on proposal forms the insurance that proposers are to include and exclude in their base proposals. 11.1.4 During construction, Owner may audit the Contractor’s and Subcontractors’ labor hours and certified payroll reports to determine actual insurance costs (audit not for return of cost savings).
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Owner Controlled Insurance Program (OCIP. The Owner has elected to implement a Rolling Owner Controlled Insurance Program (ROCIP). Refer to the Special Conditions, the ROCIP Manual and Project Insurance specification for additional requirements. In addition, the Construction Manager will be required to provide the following additional insurance coverages:
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Owner Controlled Insurance Program (OCIP. The Trustees must enroll any Project awarded with a Contract Amount of ten million dollars or more in this program. Design-Builder must refer to the Supplementary General Conditions to determine if this Project is enrolled in this program, and disregard these provisions of Article 36.06-b if not. The Trustees have established an Owner Controlled Insurance Program, or OCIP, which will provide to Enrolled Parties (as defined below) Workers’ Compensation and Employer’s Liability insurance, Commercial General Liability insurance, and Excess Liability insurance, as summarily described below, in connection with the performance of the Work (OCIP Coverage). The OCIP is more fully described in the insurance manual (Insurance Manual) for the Project, which can be downloaded from ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/ConstructionInsurancePrograms. Parties performing labor or services at the Project Site must enroll in the OCIP, unless they are Excluded Parties (as defined below). The Trustees have designated Alliant Insurance Services, Inc. as the OCIP Administrator (OCIP Administrator). i. Enrolled Parties and their Insurance Obligations. OCIP Coverage must cover Enrolled Parties. Enrolled Parties are the Trustees as the Owner, the OCIP Administrator, Design-Builder and eligible subcontractors of all tiers that enroll in the OCIP, and such other persons or entities as Trustees may designate, in its sole discretion (each party insured under the OCIP is an “Enrolled Party”. For all Enrolled Parties, the OCIP Administrator must deem that, upon each party’s enrollment in the OCIP for all on site activities, each party’s obligation to obtain Comprehensive or Commercial Form Liability Insurance and Workers’ Compensation including Employer’s Liability Insurance, set out under Article 36.06-a(1)(a), has been satisfied. All Enrolled Parties must still comply with all other provisions of Article 36.06-a, including providing Business Automobile Liability insurance for all activities, and providing Comprehensive or Commercial Form Liability insurance for offsite activities, providing Workers’ Compensation/Employer’s Liability Insurance for offsite activities, and providing any other insurance required under Article 36.06-a, or under any Supplementary General Conditions. ii. Excluded Parties and Their Insurance Obligations. The OCIP Coverage does not cover the following “Excluded Parties”: (a) Hazardous materials remediation, removal and/or transport companies and their consultants; (b) Heavy...
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Owner Controlled Insurance Program (OCIP. The Port has arranged with Aon Risk Services, Inc. of Northern California (the “OCIP Administrator”) to provide insurance under an OCIP, which will provide Project-Specific Professional Liability insurance covering Consultant, and its approved subcontractors and subconsultants, for liability for acts, errors or omissions arising out of services performed under the Agreement, whether or not such Services are performed on the Port’s Construction Project Sites (“Project Sites”). The Port will also provide such insurance to other persons or interests as the Port in its sole discretion may designate. The insurance policy described in this section 1.0 shall be collectively referred to as the “OCIP Insurance Policy.” Consultant, and other professional consultants engaged by the Port, and their respective subconsultants or subcontractors, which do not perform actual labor at the Project Sites may be covered under the Project-Specific Professional Liability Insurance Policy for professional services performed in connection with the Port’s construction projects which are performed away from the Project Sites, if such parties are properly enrolled in the OCIP and upon receipt of acknowledgment of such coverage by the OCIP Administrator. The Port reserves the right, in its sole discretion, to include or exclude any party from the OCIP, or any portion thereof, notwithstanding such party’s apparent eligibility for inclusion in the OCIP.
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Owner Controlled Insurance Program (OCIP. The Owner has elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the Project Insurance (OCIP) Specification, Section 00 73 16 for additional requirements. In addition, the Contractor will be required to provide the following additional insurance coverage: 11.1.1 Provide Automobile Liability as set forth in the Uniform General Conditions for University of Texas System Building Construction Contracts. 11.1.2 Contractor’s construction cost shall exclude the cost of premiums for insurance coverage provided through the OCIP. The cost shall only include the cost of premiums of all other insurance required by the Contract Documents. 11.1.3 Contractor shall include required OCIP insurance information in trade packages and indicate on proposal forms the insurance that subcontractors are to include and exclude in their base proposals. 11.1.4 During construction, Owner may audit the Contractor’s and Subcontractors’ labor hours and certified payroll reports to determine actual insurance costs (audit not for return of cost savings).
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Related to Owner Controlled Insurance Program (OCIP

  • Insurance Programs 35.1 Fringe Benefits a. The Board agrees to provide the: Individual core plan premium on behalf of each regular full time employee Part-time regular employees may receive pro-rated insurance benefits if eligible by the carrier. b. When an employee and legally recognized spouse are both employed by the district and are eligible for the school district group plan, the district shall, at the employees' option, combine the district's insurance contribution toward the family plan.

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

  • Maintenance of the Primary Insurance Policies; Collections Thereunder (a) The Master Servicer shall not take, or permit any Subservicer to take, any action which would result in non-coverage under any applicable Primary Insurance Policy of any loss which, but for the actions of the Master Servicer or Subservicer, would have been covered thereunder. To the extent coverage is available, the Master Servicer shall keep or cause to be kept in full force and effect each such Primary Insurance Policy until the principal balance of the related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less of the Appraised Value in the case of such a Mortgage Loan having a Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary Insurance Policy was in place as of the Cut-off Date and the Company had knowledge of such Primary Insurance Policy. The Master Servicer shall be entitled to cancel or permit the discontinuation of any Primary Insurance Policy as to any Mortgage Loan, if the Stated Principal Balance of the Mortgage Loan is reduced below an amount equal to 80% of the appraised value of the related Mortgaged Property as determined in any appraisal thereof after the Closing Date, or if the Loan-to-Value Ratio is reduced below 80% as a result of principal payments on the Mortgage Loan after the Closing Date. In the event that the Company gains knowledge that as of the Closing Date, a Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 80% and is not the subject of a Primary Insurance Policy (and was not included in any exception to the representation in Section 2.03(b)(iv)) and that such Mortgage Loan has a current Loan-to-Value Ratio in excess of 80% then the Master Servicer shall use its reasonable efforts to obtain and maintain a Primary Insurance Policy to the extent that such a policy is obtainable at a reasonable price. The Master Servicer shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or refusing to renew any such Primary Insurance Policy applicable to a Mortgage Loan subserviced by it, that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for such canceled or non-renewed policy is maintained with an insurer whose claims-paying ability is acceptable to each Rating Agency for mortgage pass-through certificates having a rating equal to or better than the lower of the then-current rating or the rating assigned to the Certificates as of the Closing Date by such Rating Agency. (b) In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present or to cause the related Subservicer to present, on behalf of the Master Servicer, the Subservicer, if any, the Trustee and Certificateholders, claims to the related Insurer under any Primary Insurance Policies, in a timely manner in accordance with such policies, and, in this regard, to take or cause to be taken such reasonable action as shall be necessary to permit recovery under any Primary Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 3.07, any Insurance Proceeds collected by or remitted to the Master Servicer under any Primary Insurance Policies shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10.

  • Insurance Program An eligible employee may waive rights to participate in either single or family coverage. If an employee waives this benefit, such employee may not revoke the waiver until the next open enrollment period and may be accepted only after medical review by the insurance provider.

  • Safety Program The Contractor shall design a specific safety program for the Work for the site(s). The Contractor shall establish and require all Subcontractors to establish reasonable safety programs. The Contractor shall also submit its standard monthly safety reports to the Owner and Design Professional. No imposition of responsibility on the Contractor for safety under this Contract shall relieve any subcontractor of its responsibility for safety of persons or property on or near the Project Site. The Contractor shall include in his plant he names of the person in charge of Safety.