MLchartDataset catalogue

Controlled insurance program (CIP)

Term · Insurance and risk management · MLC-T-INS-000965

A single insurance program, also known as a wrap-up, that covers all parties involved in a large construction project, including the owner, general contractor, and subcontractors. A CIP (Controlled Insurance Program) centralizes workers' compensation and general liability coverage, aiming to reduce overall costs and improve safety. It can be either an owner-controlled insurance program (OCIP) or a contractor-controlled insurance program (CCIP).

Table 1. Record
IdentifierMLC-T-INS-000965
FieldInsurance and risk management
SubjectWorkers Compensation
AbbreviationCIP
Record as JSON 
{
  "id": "MLC-T-INS-000965",
  "term": "Controlled insurance program (CIP)",
  "field": "Insurance and risk management",
  "definition": "A single insurance program, also known as a wrap-up, that covers all parties involved in a large construction project, including the owner, general contractor, and subcontractors. A CIP (Controlled Insurance Program) centralizes workers' compensation and general liability coverage, aiming to reduce overall costs and improve safety. It can be either an owner-controlled insurance program (OCIP) or a contractor-controlled insurance program (CCIP).",
  "abbreviation": "CIP",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/controlled-insurance-program-cip/"
}

Record 766 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.