When to Use OCIPs and CCIPs (OnDemand Webinar)

$149.00

SKU: 409746EAU

Description

Understand the types of risks addressed by insurance and the advantages and disadvantages of those three options.Owners and contractors have been subject to increased litigation arising from risks created by construction operations. However, due to changes in the insurance market, contractors are increasingly challenged to secure insurance coverage to meet owner insurance requirements. As a result, many owners have turned to incepting an ownercontrolled insurance program or relying on a contractorcontrolled insurance program to address the project risks.This course will arm you with an overview of the types of risks typically addressed by insurance and a review of the advantages and disadvantages of the three options of insuring those risks traditional insurance, ownercontrolled insurance, or contractorcontrolled insurance. Whether you have ongoing maintenance projects or you are planning to build a large project, this material will equip you with an understanding of your options for managing those project risks.

Date: 2022-05-10 Start Time: End Time:

Learning Objectives

What Contractors Need to Know About OCIPs and CCIPs

What Options Are Afforded to GC/CMs and Owners
• Traditional Approach
• Wrap-Up Concept

Other Project-Specific Coverage Alternatives

Wrap-Up Program Options

Sponsor Advantages to Wrap-Ups

Potential Sponsor Disadvantages

Why Wrap-Ups Are Desired in Today’s Environment

Advantages of Wrap-Up vs. Traditional Insurance

Disadvantages of Wrap-Up vs. Traditional Insurance

Common Misconceptions of O/CCIPs

Considerations:
• Types of Projects
• Project Delivery Methods
• Impact on Contractor Relationships
• Bidding Methodology
• Administration

AIA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Alexandra Popkin-Guidehouse Inc., Alexandra Sawyer – Guidehouse Inc., Beji Varghese – Guidehouse Inc.