Insurance Law Update

As outlined in some of my prior newsletters, Owner and Contractor Controlled Insurance Programs (OCIPs and CCIPs) are becoming commonplace on larger projects. If you are a contractor under one of these programs, it is imperative that you consult with a construction attorney and insurance specialist to make sure you do not have any gaps in coverage. You might assume that, should a particular loss be excluded under the OCCIP, your general liability policy will step in and provide coverage. You may be wrong! Many a CGL policy contains a wrap-up exclusion with language similar to ISO CG 21 54 01 96, which states: INSURANCE LAW UPDATE