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Owner Controlled Insurance

A practical alternative for school construction projects

Experience the advantages and benefits of an Owner Controlled Insurance Program (OCIP) that the private sector has enjoyed for many years. Sometimes referred to as “Wrap-up” insurance, OCIP has become popular for public entity use.

What is an OCIP? OCIPs are an alternative school insurance purchasing strategy that consolidates various insurance coverages for contractors engaged in a building or renovation project. Lines of coverage provided by an OCIP are:

  • Workers’ compensation
  • General liability
  • Excess liability
  • Builder’s risk (optional)

The owner, which in this case is the school entity, procures these coverages on behalf of all parties working at the job site, rather than having each firm separately procure its own insurance for the project in question.

Download our brochure for more information.
Why choose an OCIP?
  • Reduce the overall construction cost
  • Improved insurance coverage (broader protection/higher limits)
  • Additional safety and loss control services are provided through the program
  • Insurance protection for 10 years after construction
  • Having one insurance policy eliminates “finger pointing” on covered claims, and virtually eliminates claims litigation and project delays.
Cost savings
  • Contractors will bid the project without the cost of insurance in their bid, which allows the school entity to realize the lowest possible cost of construction. The school entity can then compare prices of OCIP vs. non-OCIP insurance.
  • Volume-pricing incentives are realized through purchasing one insurance program for the entire construction project and eliminating unnecessary charges associated with insurance costs, such as profit and overhead.
Subsequent savings from improved Risk Control
  • Fewer workers’ compensation or liability claims due to effective loss control/safety programs
  • Prompt and efficient claims administration prevents claims from dragging out over a lengthy time period
Additional administrative services provided by an OCIP
  • Contractor pre-bid meetings
  • Contractor preconstruction meetings
  • Contractor enrollment
  • Monthly payroll reports
  • Insurance policy issuance
  • Insurance cost analysis of contract bids
  • A minimum of $10 million in value for new or renovation construction projects (single or multiple projects)
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Who We Are

CMRegent insurance

A leading commercial property and liability insurance company dedicated to serving public and private schools, colleges and universities.

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CMRegent Solution

Proudly providing school employee benefit products and third-party claims administrative services.

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