Contractor-Controlled Insurance Program Sample Clauses
A Contractor-Controlled Insurance Program (CCIP) is a provision that designates the contractor as responsible for procuring and managing insurance coverage for a construction project. Under this arrangement, the contractor obtains policies such as general liability and workers’ compensation on behalf of all subcontractors and parties involved in the project, streamlining coverage and potentially reducing costs. The core function of this clause is to centralize insurance administration, minimize coverage gaps, and ensure consistent protection for all participants, thereby reducing disputes and administrative burdens related to insurance requirements.
Contractor-Controlled Insurance Program. In the event Contractor provides any of the insurance required by the Contract Documents through a Contractor-Controlled Insurance Program (a “CCIP”), Contractor shall deliver to Owner for review and approval a written description of the material features of the CCIP, including carriers, coverages, policy limits, and deductibles.