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  2. Owner-controlled insurance program - Wikipedia

    en.wikipedia.org/wiki/Owner-controlled_insurance...

    An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions). [1]

  3. Builder's risk insurance - Wikipedia

    en.wikipedia.org/wiki/Builder's_risk_insurance

    Builder's risk insurance (Contractor's All Risk insurance – CAR insurance) is a type of property insurance which indemnifies against damage to buildings while they are under construction. [1] Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used ...

  4. Contractor management - Wikipedia

    en.wikipedia.org/wiki/Contractor_management

    Contractor management is the managing of outsourced work performed for an individual company. Contractor management implements a system that manages contractors' health and safety information, insurance information, training programs and specific documents that pertain to the contractor and the owner client.

  5. Loss-control consultant - Wikipedia

    en.wikipedia.org/wiki/Loss-control_consultant

    The loss control consultant will typically work for an insurance company, a private consultant firm or as an independent consultant. The LCC will survey businesses for property or casualty (general liability, automobile, workers compensation) exposures, identifying exposures to loss and how a business can control these loss exposures.

  6. Loss payee clause - Wikipedia

    en.wikipedia.org/wiki/Loss_payee_clause

    A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.

  7. Commercial general liability insurance - Wikipedia

    en.wikipedia.org/wiki/Commercial_general...

    Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.

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  9. Insurance - Wikipedia

    en.wikipedia.org/wiki/Insurance

    Stop-loss insurance provides protection against catastrophic or unpredictable losses. It is purchased by organizations who do not want to assume 100% of the liability for losses arising from the plans. Under a stop-loss policy, the insurance company becomes liable for losses that exceed certain limits called deductibles.

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