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In the News
July/August 2025
How to Ensure Owner-Controlled Insurance Programs Work for Your Business
Multifamily & Affordable Housing Business
Owner-Controlled Insurance Programs (OCIPs) offer property owners and developers a strategic way to manage risk and reduce insurance costs on large construction projects. In an article published in Multifamily & Affordable Housing Business magazine, Nelson Mullins attorneys Max Stein and Robert Alfert describe OCIPs as “’wrap-up policies,’ which means the owner/developer pays the premium, and the policy provides coverage for all contractors and subcontractors working on the project, with the exception of some higher-risk trades, such as hazardous materials handling or demolition.”
Stein and Alfert go on to detail duty allocation and claims processes for OCIPs, and offer readers solutions to claim challenges they may face.
To read the full article, click here.
Professionals in the News
Media Contact
Caroline Balchunas
T 843.534.4121
caroline.balchunas@nelsonmullins.com
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.
