Owners Interest Policy
Protect Your Business From Accidents
There are plenty opportunities for work-related accidents to occur in construction. There are insurance products designed for these risks associated with a construction project to be transferred. This is where BlueRock steps in and help you mitigate your liability. We have Owners Interest Policy (OIP) and Owners and Contractors Protective (OCP) Liability Coverage that can protect you, as a property owner and your business against financial liabilities in case of any accidents.
owners interest policy (OIP)
Owners Interest Policy provides general liability for the property owner during construction. This coverage is critical to ensure the owner is protected against actions unrelated to construction activities such as a slip or fall outside of the construction fence in the event the contractor’s policy limits are exhausted. This policy is also to cover any liability the property owner might have to take on in excess of what the general contractor or construction managers’s policy will cover.
Property owners are also encouraged to purchase Builder’s Risk Insurance as it provides coverage for any loss of damages to the buildings under construction.
we will make a difference for you
At BlueRock Insurance Services, our brokers are dedicated to helping construction property owners from New York and New Jersey with any questions you have to help you meet your needs:
Support you with full understanding of the Owners Interest Policy (OIP)
Assist you with the exact coverage you need to need to fit your budget and that you are well protected
Obtain the lowest price available from the multiple insurance carriers we work with for you
did you know
For Owners Interest Policy (OIP), excess policies can be purchased if you need to increase your current amount of coverage
However, Owners and Contractors Protective (OCP) Liability Coverage has a number of limitations, including no excess coverage able to be purchased above it
bluerock referral program
Take home an Amazon gift card or get a referral discount upon the purchase of our participating products by your referral.
read more
contractors insurance
Contractors insurance provides the liability coverage that can help protect your business and financial costs in case an accident occurs.
Read more
OCP LiABILITY coverage
The Owners and Contractors Protective (OCP) Liability Coverage applies only to a single insured party - the project owner who hires the contractor.