An OCIP/CCIP is a non-traditional insurance program for construction projects in which the owner of the construction project purchases a master policy covering all construction and contractors associated with the project.

The contractors then submit their bids to the owner, net of insurance costs. This can realize savings of 1-3% of their total construction costs by reducing the individual policy overhead and replacing with a master insurance program.

Instead of making the payment to the state or to the insurance carrier, "payments" are made to the owner of the project through the reduction of the contractor's bid. In other words, the contractors submit their bids net of these insurance costs. Typically, the contractor will also be required to provide detailed information to the owner. In Spectrum, you can use the Worker's Compensation Job Expense Report.