MLchartDataset catalogue

Residential wrap-up

Term · Insurance and risk management · MLC-T-INS-002910

A specialized insurance program, also known as an Owner Controlled Insurance Program (OCIP) or Contractor Controlled Insurance Program (CCIP), designed for residential construction projects. It centralizes workers' compensation and general liability coverage for the owner, general contractor, and all enrolled subcontractors. This approach aims to provide consistent coverage and potentially reduce overall insurance costs for the project.

Table 1. Record
IdentifierMLC-T-INS-002910
FieldInsurance and risk management
SubjectWorkers Compensation
Record as JSON 
{
  "id": "MLC-T-INS-002910",
  "term": "Residential wrap-up",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance program, also known as an Owner Controlled Insurance Program (OCIP) or Contractor Controlled Insurance Program (CCIP), designed for residential construction projects. It centralizes workers' compensation and general liability coverage for the owner, general contractor, and all enrolled subcontractors. This approach aims to provide consistent coverage and potentially reduce overall insurance costs for the project.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/residential-wrap-up/"
}

Record 2,930 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.