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Owner-controlled insurance program. An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions). [1]
The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. [1]
The company largely specializes in general liability, commercial property, commercial auto and professional liability insurance. [2] Located in Parsippany, New Jersey, Western World Insurance Group provides commercial insurance products through a nationwide network of wholesale agents and brokers within the E & S specialty lines industry. [3]
Top 100 Contractors of the U.S. federal government
An Eatontown contractor has agreed to pay $530,000 in back wages and penalties after investigators found the company violated labor protections for 181 workers on a residential construction site ...
Builder's risk insurance (Contractor's All Risk insurance ā CAR insurance) is a type of property insurance which indemnifies against damage to buildings while they are under construction. [ 1] Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used ...
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