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Provided by: Lorman Education Services Using OCIPs and CCIPs |
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- [Buy Now!]
Increasingly, owners and contractors are turning to OCIPs and CCIPs to insure some or all parties to a construction project. Whether you're the sponsor of a program or an enrolled party in someone else's program, this seminar will help you navigate the complexities of contract language, bid credits, administrative procedures and coverage issues that can make or break your success on a project.
Attend this cutting-edge seminar and get the best OCIP and CCIP advice the industry has to offer. You'll learn the programs' pros and cons that will help you plan for a profitable project. Don't wait - register today to hear top local speakers answer your toughest CIP questions.
Benefits for You
- Save on costly consultants' fees by hearing our experts' advice on construction risk management
- Learn about the coverage provided under OCIPs and CCIPs - and what participants need to know
- Discover proven strategies for handling closeout and completed operations coverage issues
- Find out what you need to know about bidding CIP jobs
- Get up to speed on recent developments in CIP coverage - including the latest court decisions
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This seminar will be presented by Ann S. Anderson,
Michael D. Hastings and Kevin R. Stolworthy.
8:00 am - 8:30 am Registration
8:30 am - 9:00 am History of Controlled Insurance Programs
- World War II - U.S. Defense Plants
- Public Works Projects
- Commercial Projects
- Residential Projects in Western U.S.
9:00 am - 9:45 am Structure of a Typical Controlled Insurance Program
- What Is Changed in a CIP (and What Is Not)?
- Typical Coverages in a CIP
- Premium Structures of a CIP
- Two Types of Sponsorship: OCIP and CCIP
- Coverage Considerations Under the CGL
9:45 am - 10:30 am Important Considerations for CIP Participants
- CIP in Context: Construction Risk Management
- Financial Strength and Reliability of Insurance Company
- Adjustment of Contract Price
- Limits of Liability
- Policy Term
- Deductible or SIR
- What's Not Covered?
10:30 am - 10:40 am Break
10:40 am - 11:30 am Recent Developments in CIP Coverage
- Insurance Markets
- Indemnity Issues
- Notice and Prejudice Rule in Nevada
- Recent Court Decisions
11:30 am - 12:15 pm Other Project Specific Coverages
- Builders Risk
- Professional Liability
- Environmental Liability
- Subcontractor Default Insurance
12:15 pm - 1:15 pm Lunch (On Your Own)
1:15 pm - 1:30 pm CIP Administrators
- Duties of the CIP Administrator
- Who Does the Administrator Work For?
1:30 pm - 2:15 pm Bidding CIP Jobs
- Removing Insurance Costs
- Documenting Removed Insurance Costs
- Administrative Duties of Enrolled Contractors
- Compliance With Project Safety Provisions
- Excluded Contracts and Activities
- CIP Charges for Deductible Losses
2:15 pm - 3:00 pm CIP Participation - Operations
- Enrollment
- Monthly Reporting
- Change Orders
- Claims
3:00 pm - 3:10 pm Break
3:10 pm - 4:00 pm Closeout and Completed Operations Coverage
- Transition to Permanent Insurance
- Warranty and Punchlist Work
- Final Adjustment of Contract Price
- Excluding CIP Premiums at Corporate Audit
4:00 pm - 4:30 pm Discussion, Questions and Answers
