Owner’s Interest/OCP
Our Owner’s Interest and Owners and Contractors Protective (OCP) unit provides quick solutions with broad terms, supported up to $10M excess limits, and access to our dedicated underwriters, all through our easy-to-use platform, Owner’s Edge.
Online Quoting
Use the online quote platform, Owner’s Edge, for all Owner’s Interest and OCP submissions.
Coverage Highlights
Owner’s Interest (OI)
Offering full general liability limits for property owners, including completed operations and extended completed operations coverage up to the state statute of limitations.
Requirements:
- The general contractor manages all subcontractor activity and job site safety, providing the insured/owner with hold harmless, indemnification language and additional insured status for ongoing and completed operations.
- Standard coverage requires at a minimum: an executed contract certificate of insurance from the hired general contractor.
Capacity:
- Primary: $1M/2M/2M
- Supported excess with limits up to $10M
Owners and Contractors Protective (OCP)
OCP coverage supplements the owner’s additional insured status on the general contractor’s policy during construction.
Requirements:
- The general contractor will provide additional insured and primary and noncontributory status to our named insured, as well as adequate limits for the scope of work.
Capacity:
- Primary limits only up to $5M/5M
Appetite & Availability
Appetites below represent targets and are not exhaustive.
Target Appetite
- Owners hiring only the general contractor
- Commercial or industrial projects
- Single-location projects
- Vacant buildings
Additional Operations Considered
- Nonstructural renovation of occupied buildings
- Demolition-only projects
- Residential buildings
- Direct hires of additional trades (limited number)
Minimum Premiums
- OCP outside of NY: $1,000
- OCP in NY: $2,500
- OI outside of NY: $3,500
- OI in NY: $7,500
