Owner Controlled Insurance Program (OCIP)

Protect your construction project investments.

OCIP is an effective way to insure your construction project in a cost effective way, with superior risk management and a streamlined claims process.

Established in 1993.

Over 100 years' experience.

10 dedicated team members.

Over 1,000 Irish customers served.

Owner Controlled Insurance Programs In Ireland

In every building construction or civil works project, there is a risk of loss or damage. The contract governing the works will place the responsibility for this loss or damage with either the contractor or the employer.

The Owner Controlled Insurance Program (OCIP) policy is a complex insurance product that has been designed specifically for employers to meet their contractual obligations, whilst protecting their investment in the project and any constructional plant they own or hire.

OCIP should be strongly considered by any construction project employers as an effective way to cover the complexity of risks involved in a cost effective manner.

If you would like to discuss OCIP for your next construction project, get in touch today and let one of our team walk you through everything you need to know.

Simply fill out our contact form, email us at sales@ermfinancialservices.ie or call us now on  01 845 4361.

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    What are the main features of an Owner Controlled Insurance Program?

    Employer’s Contract Works

    All risks cover for damage to permanent works, temporary works, and free issue materials.

    Including whilst in transit to/from the contract site, at the contract site until completed or taken into use, and during the maintenance or defects liability period for a period of up to 12 months after practical completion.

    Employer’s Owned Plant and Machinery

    All risks cover for damage to owned:

    • Contractors plant, and
    • Temporary buildings

    used in connection with the contract works.

    Hired In Plant

    Cover for the insured employer’s legal liability for:

    • damage to hired in plant
    • continuing hire charges as a result of this damage, hired in for use in connection with the contract works.

    Advanced Business Interruption

    Covers the financial loss of the employer resulting from interruption or interference with the Contract Works Programme which causes delays in the scheduled start of commercial operation, or sale of the enterprise during the indemnity period, in consequence of damage insured by Cover One.

    Public Liability

    Cover for the employer & contractors against their legal liability to third parties in respect of the project for:

    • injury to persons
    • loss of, damage to, or destruction of material property
    • nuisance, trespass, obstruction or interference with any right of way, light, air, water or easement
    • libel, slander or defamation of character.
    Owner Controlled Insurance Program (OCIP) - ERM Financial Services

    Why choose ERM Financial Services for OCIP?

    Service, expertise, advice and competitive quotes that you can rely on, since 1993.

    • Specialised knowledge & understanding of insurance for the Irish construction sector
    • Tailored Insurance Products
    • Competitively Priced
    • Dedicated Account Manager
    • Over 100 Years Experience

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