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OnDemand Course

When to Use OCIPs and CCIPs

Understand the types of risks addressed by insurance, and the advantages and disadvantages of those three options.

Owners and contractors have been subject to increased litigation arising from risks created by construction operations. However, due to changes in the insurance market, contractors are increasingly challenged to secure insurance coverage to meet owner insurance requirements. As a result, many owners have turned to incepting an owner-controlled insurance program or relying on a contractor-controlled insurance program to address the project risks. This topic will arm you with an overview of the types of risks typically addressed by insurance, and a review of the advantages and disadvantages of the three options of insuring those risks: traditional insurance, owner-controlled insurance or contractor-controlled insurance. Whether you have ongoing maintenance projects or you are planning to build a large project, this topic will equip you with an understanding of your options for managing those project risks.

88 minutes
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Contractors Need to Know About OCIPs and CCIPs

What Options Are Afforded to GC/CMs and Owners

  • Traditional Approach
  • Wrap-up Concept

Other Project-Specific Coverage Alternatives

Wrap-up Program Options

Sponsor Advantages to Wrap-ups

Potential Sponsor Disadvantages

Why Wrap-ups Are Popular Today

Contractor Advantages of Wrap-up vs. Traditional Insurance

Contractor Disadvantages of Wrap-up vs. Traditional Insurance

Common Misconceptions of CCIPs

Considerations:

  • Types of Projects
  • Project Delivery Methods
  • Impact on Contractor Relationships
  • Bidding Methodology
  • Administration
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on February 12, 2019.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

William Buchan

William Buchan

  • Managing director of the construction services group with Aon Risk Services
  • More than 30 years of experience in the risk management, finance, insurance and construction industries
  • Is a National Project Solutions resource, advising both owner/developers and general contractors
  • Provides a rounded and measured advisory service, which includes: contract review, risk transfer method, captive utilization, claims advice and senior leadership consulting for program construction
  • B.A. degree, North Park University
  • Can be contacted at 393-639-4103 or [email protected]
Molly Buscher

Molly Buscher

Faegre Baker Daniels LLP

  • Associate attorney in the Indianapolis office of Faegre Baker Daniels LLP
  • Practice emphasizes construction contract drafting, negotiation, and risk assessment as well as the litigation of construction and software implementation-related disputes
  • Contributing author of the ABA’s Model Jury Instructions for Construction Litigation (Second Edition)
  • J.D. degree, cum laude, Washington University in St. Louis School of Law; B.A. degree, summa cum laude, The George Washington University
  • Can be contacted at 317-237-0300 or [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 404885
Published 2019
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