Wrap-Up Insurance (OCIP/CCIP) is a consolidated insurance program covering all contractors and subcontractors on a project under one policy. Streamlines coverage for large construction projects or developments.
Wrap-Up Insurance (OCIP/CCIP)
What Is a Wrap-Up Insurance?
Wrap-Up Insurance (OCIP/CCIP) is a single insurance policy that covers all contractors and subcontractors on a construction site under one master program.
- OCIP (Owner-Controlled Insurance Program) is sponsored by the owner
- CCIP (Contractor-Controlled) is run by the general contractor.
Who Needs Wrap-Up Insurance?
Wrap-Up Insurance streamlines coverage, reduces coverage gaps, and centralizes claims handling — especially on large, complex, or high-value construction projects. They often include General Liability, Workers’ Comp, Excess, and more.
Common industries that often require Wrap-Up Insurance include:
- Developers of large-scale construction ($10M+)
- Municipal or institutional capital projects
- General contractors managing large teams
- Public-private partnership (P3) projects
What Does Wrap-Up Insurance Cover?
Wrap-Up Insurance typically covers:
- General liability for all enrolled contractors
- Workers’ compensation and employers liability
- Excess/Umbrella coverage
- Completed operations
- Some policies include pollution, builders risk, and more
What Doesn’t Wrap-Up Insurance Cover?
While Wrap-Up Insurance offers broad protection, it doesn’t cover:
- Contractors not enrolled or vetted properly
- Professional liability (must be purchased separately)
- Property damage to the project (requires Builders Risk)
- Post-construction warranty issues
How Much Does Wrap-Up Insurance Cost?
The cost of Wrap-Up Insurance varies based on factors like cost of construction, type of contstruction, timeline of job, industry, location, and claims history.
Key Cost Factors:
- Total construction value
- Duration of construction
- Number and type of subcontractors
- Type of construction and site hazards
- Coverage limits and structure
Typical Cost Range:
- Project Cost: Typically 1%–2.5% of total project cost
- Example: A $50M project = $500,000–$1.25M premium
Risk Management Tips
To minimize potential claims:
- Confirm all subcontractors are enrolled and understand wrap-up policy requirements.
- Assign a dedicated administrator or consultant to manage documentation and compliance.
- Standardize safety protocols across the entire job site to reduce variability in claims.
- Track and review incident reports from all contractors regularly.
- Monitor cumulative project limits and timelines to prevent coverage gaps.
- Educate project managers on the terms, exclusions, and administrative duties of the policy.
Talk to An Expert
Our dedicated experts are ready to provide tailored insurance solutions to clients across a wide range of industries and specialized services.
Schedule a consultation to see how Alliance Risk can reduce your insurance risk.
– We look forward to partnering with you.