Construction Financial Management Association – OCIP Journal Article

Denver, CO, Jan. 1, 2001 – David L. Grenier, President of C-Risk, Inc., has authored another article for the Construction Financial Management Association (CFMA) Building Profits journal in their January/February 2001 issue entitled, "Owner-Controlled Insurance Programs - Part II". This article is a continuation of OCIPs - Part I that was published in CFMA's annual risk management September/October issue. The article provides additional insight to help CFO's and construction professionals determine whether an OCIP is the right choice for a project, and provides a detailed guide through the implementation process.


OWNER-CONTROLLED INSURANCE PROGRAMS - Part 2
by David L. Grenier

"Insurance coverage is a major component of any large construction project. An Owner-Controlled Insurance Program (OCIP) allows project owners to maximize coverages across a project's many contractors and subs, while at the same time affording opportunities for significant savings on premiums.

This article provides CFOs and construction professionals with a broader understanding and an effective strategy for the successful implementation of an OCIP, along with some frequently asked questions. The complete article, "Owner-Controlled Insurance Programs (OCIPs) - Part II", along with other articles on wrap-ups and construction risk management, can be accessed in the Articles section of the C-Risk.com Reference Library.