OCIP & CCIP Insurance Coverage:
Wraps and How They Can Protect Your Projects for Winning Results Recorded on August 21, 2014 Presented by:
Chris Mosley, Esq.
Sherman & Howard, LLC Insurance is a critical aspect in managing the risk of a construction project and protecting the profits of construction professionals. However, coordinating insurance from numerous contractors and subcontractors, understanding the multiple coverages involved, and trying to make sense of the morass of policies, coverage issues and insurance companies involved when a claim arises can be nearly impossible. Out of this confusion develop the "wrap" policy, which was intended to simplify the insurance process through the issuance of a single policy covering all participants engaged in a construction project. But wraps have their own questions, such as who is covered, what is covered, how much is the premium and how do I allocate the premium, and how does the claim process work. Get answers to these questions and more when our expert presenter: - Reviews the problems that arise when construction insurance is not coordinated
- Identifies wraps: Owner Controlled Insurance Programs (OCIPs) and Contractor Controlled Insurance Programs (CCIPs)
- Shows how OCIPs and CCIPs are structured
- Demonstrates how OCIPs and CCIPs alleviate the complexity of acquiring individual policies
- Explains how OCIPs and CCIPs address conflicts, duplication, and primacy of coverage
- Reviews the administration of OCIPs and CCIPs and see how the claims process differs from administration of traditional claims
- Discusses the premium pricing for OCIPs and CCIPs and allocation of the expense to project participants
- Assesses the circumstances in which OCIPs and CCIPs are preferable to traditional insurance
- And much, much more!
Who Will Benefit? This recorded webinar is a must if you're a public or private owner, construction manager, contractor, subcontractor, consultant, architect, engineer, attorney or anyone responsible for coordinating insurance policies on your projects. Meet Your Expert Instructor:  Chris Mosley is a Member of Sherman & Howard’s Trial Group and Chair and founder of the Firm’s Insurance Recovery Group. Mr. Mosley specializes in representing corporate policyholders in disputes against their insurers. During his career, Mr. Mosley has helped businesses recover more than $100 million from insurance companies. Mr. Mosley’s expertise extends to all types of commercial insurance policies in virtually all industries. Mr. Mosley has particular expertise with respect to construction insurance issues. To that end, Mr. Mosley has spoken and written nationally on insurance issues important to the construction industry and has been involved in some of the most significant and groundbreaking legislation aimed at helping construction companies secure the coverage they purchased.
Mr. Mosley serves as a Vice Chair for the Insurance Coverage Litigation Committee for the ABA Tort Trial & Insurance Practice Section, and is an invited Fellow to the American College of Coverage and Extracontractual Counsel. Mr. Mosley is listed in The Best Lawyers in America and Colorado Super Lawyers in the area of Insurance Law, and is rated “AV” by Martindale-Hubbell. |
