Owner Controlled Insurance Program
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
insurance program
|
| gptkbp:abbreviation |
gptkb:OCIP
|
| gptkbp:administeredBy |
project owner
|
| gptkbp:alsoKnownAs |
wrap-up insurance
|
| gptkbp:alternativeTo |
Contractor Controlled Insurance Program
|
| gptkbp:benefit |
cost savings
uniform coverage centralized claims handling improved safety management |
| gptkbp:commonIn |
large construction projects
|
| gptkbp:covers |
workers' compensation
general liability builder's risk excess liability |
| https://www.w3.org/2000/01/rdf-schema#label |
Owner Controlled Insurance Program
|
| gptkbp:involves |
multiple contractors
multiple subcontractors |
| gptkbp:purpose |
provide insurance coverage for all contractors and subcontractors on a construction project
|
| gptkbp:regulates |
subject to state insurance laws
|
| gptkbp:riskManagement |
reduces duplicate coverage
reduces gaps in coverage |
| gptkbp:bfsParent |
gptkb:OCIP
|
| gptkbp:bfsLayer |
7
|