custom OCIP CCIP wrap-up policies and insurance packages for construction site projects

Construction wraps

Creative coverage solutions for construction sites

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Protect your project with comprehensive construction wrap solutions:

Leaders at today’s construction sites are increasingly under pressure to find skilled workers, manage a volatile supply chain and variable material costs, and juggle complex sequencing and timelines. They must also track and manage insurance policies for contractors, vendors, and suppliers, risking disputes between insurance companies over coverage.

There has never been a greater need for comprehensive primary and excess casualty offerings from Munich Re Specialty and its team of construction specialists. Our project-specific and construction wrap-up (OCIP/CCIP) policies, delivered through our network of select wholesale brokers, provide general and excess liability coverage, from project start to finish, under one program.

construction site wrap-up policies, custom OCIP CCIP and insurance packages

Munich Re Specialty construction project-specific and wrap-up insurance delivers coverage with distinct advantages that include:

Financial stability

Munich Re Specialty offers a robust capacity and holds some of the industry's highest insurer financial strength ratings

Customized coverage

Our policies can be tailored to meet client needs, from the simple to the complex

Best-in-class
underwriting

Our team is dedicated to bringing their expertise and commitment to providing innovative and value-added solutions

Superior claims service

Our claims team is staffed by industry veterans and specialist attorneys with strong analytic and problem-solving skills, with a focus on claims legal strategies and claims litigation management

Products offered

Munich Re Specialty offers three comprehensive, project-specific products that differ based on the named insured. All these coverages are offered by Munich Re Specialty as both primary and excess policies.

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Owners Interest

General Liability
Limits: Up to $2/4/4M at variable retentions
Excess
Supported Lead $10M

Project Specific

General Liability
Limits: $2/4/4M at variable retentions
Excess
Supported Lead up to $8M
Unsupported Lead up to $5M
Mid/High Excess up to $10M

Wraps

General Liability
Limits: $2/4/4M at variable retentions
Excess
Supported Lead up to $8M
Unsupported Lead up to $5M
Mid/High Excess up to $10M

custom construction site wrap-up policies and OCIP CCIP insurance packages

Appetite overview:

Our appetite varies, but only slightly, between the products offered.

Project types:

Offices, office parks, manufacturing plants, logistics, distribution, higher education, and similar
Unique commercial type projects such as pharma/biotech, food and beverage plants, data centers, geothermal/solar/biomass, and water/wastewater treatment plants
Multi-family apartments
Infrastructure projects (primary and at a $15mn minimum attachment for excess)

Frequently asked questions:

Learning more about our construction wrap products

What is an Owner’s Interest policy?

An Owner’s Interest policy provides coverage for a project owner for general liability resulting from a designated construction project or projects, subject to policy terms and conditions, from start to finish.

What is a Project-Specific policy?

A Project Specific policy provides coverage for an owner and general contractor or general contractor for general liability and excess exposures resulting from a designated construction project or projects, subject to policy terms and conditions, from start to finish.

What is a Construction Wrap (OCIP/CCIP)?

Owner Controlled Insurance Program (OCIPs) and Contractor Controlled Insurance Programs (CCIPs) provides coverage for the insureds (owner, general contractor, and enrolled subcontractors) for general liability and excess exposures resulting from a designated construction project or projects, subject to policy terms and conditions, from start to finish.