×
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS

Contact US

Log In

Come Join Us!

Are you an
Engineering professional?
Join Eng-Tips Forums!
  • Talk With Other Members
  • Be Notified Of Responses
    To Your Posts
  • Keyword Search
  • One-Click Access To Your
    Favorite Forums
  • Automated Signatures
    On Your Posts
  • Best Of All, It's Free!

*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail.

Posting Guidelines

Promoting, selling, recruiting, coursework and thesis posting is forbidden.

Students Click Here

OCIP Policy

OCIP Policy

OCIP Policy

(OP)
Has anyone here ever been asked to sign up under an OCIP policy at the end of a job?
I have a project and the owner's attorney is requesting that everyone 'enroll'....

Here is the description given me:

The OCIP policy is one policy that insures the developer, GC and all subs under one policy. This prevents any cross litigation between multiple subs if there is ever a claim which can cause increased expenses and job slow downs. The policy is in effect the entire Statute of repose which is 8 years in the State of CO meaning, everyone enrolled in the OCIP is covered for this entire 8 year period if there is a claim. It should be noted that if there is ever a claim against the policy the owner is responsible for the deductible for any claims and not the companies enrolled.


Any comments would be appreciated. I put a call into my insurance company who basically said it was sort of 'new' to them and they would have to check with upper management who had more experience, and perhaps my lawyer would be the right person to talk to.

RE: OCIP Policy

I can't imagine that a policy that covers a contractor's workmanship, etc. would reach over and also cover professional liability. I may be wrong but those are usually very different things in the insurance industry.

Check out Eng-Tips Forum's Policies here:
FAQ731-376: Eng-Tips.com Forum Policies

Red Flag This Post

Please let us know here why this post is inappropriate. Reasons such as off-topic, duplicates, flames, illegal, vulgar, or students posting their homework.

Red Flag Submitted

Thank you for helping keep Eng-Tips Forums free from inappropriate posts.
The Eng-Tips staff will check this out and take appropriate action.

Reply To This Thread

Posting in the Eng-Tips forums is a member-only feature.

Click Here to join Eng-Tips and talk with other members! Already a Member? Login


Resources

Low-Volume Rapid Injection Molding With 3D Printed Molds
Learn methods and guidelines for using stereolithography (SLA) 3D printed molds in the injection molding process to lower costs and lead time. Discover how this hybrid manufacturing process enables on-demand mold fabrication to quickly produce small batches of thermoplastic parts. Download Now
Design for Additive Manufacturing (DfAM)
Examine how the principles of DfAM upend many of the long-standing rules around manufacturability - allowing engineers and designers to place a part’s function at the center of their design considerations. Download Now
Taking Control of Engineering Documents
This ebook covers tips for creating and managing workflows, security best practices and protection of intellectual property, Cloud vs. on-premise software solutions, CAD file management, compliance, and more. Download Now

Close Box

Join Eng-Tips® Today!

Join your peers on the Internet's largest technical engineering professional community.
It's easy to join and it's free.

Here's Why Members Love Eng-Tips Forums:

Register now while it's still free!

Already a member? Close this window and log in.

Join Us             Close