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CONSTRUCTION INSURANCE PROGRAMS

BUILDERS RISK, OCIP & WRAP-UP PROGRAMS

Three of the biggest programs on a construction project — and they solve different problems. Here is how builders risk, OCIP, and CCIP wrap-ups fit together, what each one actually covers, and which the project needs.

BUILDERS RISK OCIP CCIP WRAP-UP

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ONE PROJECT, TWO EXPOSURES

PROPERTY BUILDERS RISK Protects the structure as it goes up

LIABILITY & PEOPLE WRAP-UP (OCIP / CCIP) Covers the parties doing the work

DIFFERENT JOBS — OFTEN RUNNING TOGETHER

QUICK ANSWER

PROPERTY VS. LIABILITY — TWO DIFFERENT PROGRAMS

Builders risk is property insurance for the work in progress — the structure, materials, and equipment while a project is under construction. A wrap-up (an OCIP controlled by the owner, or a CCIP controlled by the contractor) consolidates liability and workers compensation for everyone on the job under one program. They cover different exposures, so on larger projects they frequently run at the same time.

BUILDERS RISK vs OCIP vs CCIP

Switch the lens to compare the three programs across what matters most.

WHAT IT COVERS WHO SPONSORS IT WHEN IT FITS

BUILDERS RISKPROPERTY

The building, materials, fixtures, and equipment while under construction — against perils like fire, wind, theft, and vandalism. Property only.

Usually the project owner or general contractor buys the policy to protect the work itself.

Nearly any ground-up build, renovation, or installation where the work in progress needs property protection.

OCIPWRAP-UP

General liability and workers compensation for the owner and enrolled contractors on a single project — consolidated under one program.

The project owner sponsors and controls the program and enrolls the contractors and subs.

Larger projects where an owner wants centralized liability and workers comp, consistent limits, and unified safety and claims handling.

CCIPWRAP-UP

The same liability and workers compensation consolidation as an OCIP, structured for the general contractor and its subcontractors.

The general contractor sponsors and controls the program for the project team.

Larger projects where the general contractor prefers to own the consolidated program instead of the owner.

GO DEEPER ON EACH PROGRAM

This page explains how they relate. For coverage detail and quotes, head to the dedicated pages.

PROPERTY

BUILDERS RISK

Property protection for the structure, materials, and equipment during construction. Programs can extend to soft costs like lost income, interest, and fees triggered by a covered delay.

Builders Risk Insurance → Builders Risk + Soft Costs →

WRAP-UP

OCIP

An owner-controlled wrap-up that consolidates general liability and workers compensation for the project's contractors under one program, with centralized limits, safety, and claims handling.

OCIP Insurance → Owner-Controlled Program →

WRAP-UP

CCIP / WRAP-UP

The same wrap-up structure controlled by the general contractor instead of the owner. "Wrap-up" is the umbrella term that covers both OCIP and CCIP arrangements on a project.

Wrap-Up Programs → Contractor Programs →

HOW THEY FIT ON ONE PROJECT

From groundbreaking to substantial completion, the property and liability programs run on parallel tracks.

GROUNDBREAKINGCONSTRUCTIONSUBSTANTIAL COMPLETION

PROPERTY

BUILDERS RISK — STRUCTURE, MATERIALS & EQUIPMENT

LIABILITY

WRAP-UP (OCIP / CCIP) — LIABILITY & WORKERS COMP FOR THE TEAM

Builders risk usually ends at completion or occupancy, when the finished building moves to a permanent property policy. The wrap-up runs for the construction period and often carries a completed-operations tail afterward.

WHICH DO YOU NEED?

A quick way to point yourself at the right program.

Building or renovating a structure? You need builders risk on the work itself — whether or not a wrap-up is involved.

An owner consolidating many contractors' liability and workers comp? That points to an OCIP — the owner sponsors and controls the wrap-up.

A general contractor that wants to control the consolidated program? That points to a CCIP — the same wrap-up, run by the contractor.

START HERE

TELL US ABOUT THE PROJECT

Share the project type, construction value, parties involved, and what coverage the contract requires. We will help sort out whether you need builders risk, a wrap-up, or both — and place it with the right specialty markets.

RELATED CONSTRUCTION & CONTRACTOR COVERAGES

Other programs that show up on construction projects.

FREQUENTLY ASKED QUESTIONS

Common questions about builders risk, OCIP, and wrap-up programs.

WHAT IS THE DIFFERENCE BETWEEN BUILDERS RISK AND A WRAP-UP (OCIP OR CCIP)?

Builders risk is property insurance that protects the structure, materials, and equipment while a project is under construction. A wrap-up (OCIP or CCIP) is a consolidated liability and workers compensation program that covers the parties performing the work. They address different exposures — property versus liability and injury — and often run side by side on the same project.

WHAT IS AN OCIP?

An Owner-Controlled Insurance Program (OCIP) is a wrap-up sponsored by the project owner that provides general liability and workers compensation for enrolled contractors and subcontractors on a specific project, consolidating coverage under one program instead of each party carrying its own.

WHAT IS THE DIFFERENCE BETWEEN OCIP AND CCIP?

They use the same wrap-up structure; the difference is who sponsors and controls it. An OCIP is controlled by the project owner, while a CCIP (Contractor-Controlled Insurance Program) is controlled by the general contractor. Both consolidate liability and workers compensation for the project team.

DOES BUILDERS RISK COVER LIABILITY?

No. Builders risk is property coverage for the work itself — damage from fire, wind, theft, and similar perils during construction. Liability and workers compensation exposures are handled separately, often through a wrap-up or through each party's own policies.

DO YOU NEED BOTH BUILDERS RISK AND A WRAP-UP ON THE SAME PROJECT?

Frequently, yes. Because they cover different things — property versus liability and injury — larger projects commonly carry builders risk for the structure and a wrap-up (OCIP or CCIP) for the people and liability, running in parallel.

WHO BUYS OR SPONSORS EACH PROGRAM?

Builders risk is typically purchased by the owner or general contractor. A wrap-up is sponsored by whoever controls it — the owner in an OCIP, the general contractor in a CCIP — and it enrolls the contractors working on the project.

BOOK AN APPOINTMENT CONTACT US TODAY CALL / TEXT (412) 212-2800