As an additional insured you are added to the contractor’s policy and share in it. With OCP, you are the named insured on your own policy, which is direct coverage. Many owners consider both.
Related FAQs
No. Physical damage to the project under construction is a property matter, usually handled by builders risk or course of construction.
Yes, it is typically written per project, which is why timing matters. It generally should be in place before operations start.
No. OCP protects the designated party, typically the owner. The contractor typically carries their own general liability separately.
Ready to get started?
Talk to an advisor or request a quote. The form takes about five minutes, with no commitment. Be insurance wise.
OR
