Project owners have several ways to address construction liability. This hub breaks down how Owner’s Interest compares to each alternative so you can see the tradeoffs at a glance. The recurring theme: coverage breadth, who controls the program, and what happens after the project closes.
The main options
An Owners and Contractors Protective (OCP) policy is the closest cousin to Owner’s Interest, but it lacks completed operations. A controlled insurance program (OCIP) wraps the owner, contractor, and subcontractors into one program the owner sponsors. A contractor-controlled program (CCIP) shifts that sponsorship to the general contractor. And many owners simply rely on additional-insured status on the contractor’s policy — the easiest route, but also the most fragile.