Builders Risk & Owner-Controlled Insurance Programs (OCIP)
Builders risk and wrap-up (OCIP) programs for ground-up and value-add projects from $25M to $100M+.
On a big development, insurance structure is one of the few budget lines you can actually move. Builders risk covers the course of construction on any project. On larger jobs, an owner-controlled insurance program (an OCIP, or wrap-up) also pulls general liability, excess, and workers' comp under one owner-controlled master, which strips the duplicated insurance markup out of every trade's bid and closes the gaps between contractors' policies. It also puts you, not your GC, in control of claims and limits. We design the program up front and administer it all the way through substantial completion.
Who this is for
Built for accounts like yours
What we structure
Builders risk
Course-of-construction property including soft costs, delay in completion, and catastrophe perils on exposed sites.
Owner-controlled program (OCIP)
GL, excess, and workers' comp for every enrolled trade on the project, controlled by the owner instead of scattered across subcontractors.
Excess / umbrella towers
Project-specific excess limits built to what the loan documents and contracts require.
Program administration
Enrollment, payroll audits, and closeout, managed until the last certificate clears.
Common questions
OCIP or builders risk: which do I need?
Builders risk, always: it covers the course-of-construction property on virtually every project. The OCIP question is about size. Once hard cost clears roughly $25M, consolidating GL, excess, and workers' comp under the owner starts paying for itself in stripped-out markup and claim control. We model both and show you the break-even.
How big does a project need to be for a wrap-up?
Rule of thumb: GL-only wrap-ups start earning their keep around $25M of hard construction cost, and full OCIPs are common on $50M-$100M+ projects. Below that, a well-structured builders risk plus contractor-placed coverage usually wins on cost.
Can you coordinate with our lender and equity requirements?
Yes. Limits, additional insureds, waivers, evidence of coverage: we build the program to the loan and joint-venture requirements from day one and keep it compliant through completion, so insurance is never the reason a draw or a closing stalls.
Get started
Talk to a builders risk / ocip specialist
Send us the current program, or just the renewal date. We'll tell you whether the structure, the pricing, or the coverage can be beaten. Built for accounts with $50,000+ in annual premium.
- A second set of expert eyes on your program, free.
- Marketed to the carriers that actually want your risk.
- No obligation, fully confidential.