Owners’ Interest Policy
Protect Your Business From Accidents
There are plenty of 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 helps you mitigate your liability. We offer an Owners’ Interest Policy (OIP) and Owners and Contractors Protective (OCP) Liability Coverage. These policies protect you as a property owner and your business from financial liabilities in case of accidents.
Owners’ Interest Policy (OIP)
Owners’ Interest Policy provides general liability for the property owner during construction. This coverage is essential to protect the owner from incidents not related to construction. For example, it covers slip and fall accidents outside the construction area if the contractor's policy limits are reached. This policy also helps cover any liability the property owner may face beyond what the general contractor's policy covers.
Property owners should also consider purchasing Builder’s Risk Insurance. This insurance provides coverage for any damage or loss to buildings that are under construction.
We Will Make A Difference for You
At BlueRock Insurance Services, our brokers are committed to assisting construction property owners in New York and New Jersey. We are here to answer any questions you may have to meet your needs:
Support you with a full understanding of the Owners’ Interest Policy (OIP)
Assist you with the exact coverage you need to need to fit your budget and ensure that you are well protected
Obtain the lowest price available from the multiple insurance carriers we work with for you
Did You Know?
For the Owners’ Interest Policy (OIP), you can buy excess policies. This option helps you increase your current coverage amount
However, Owners and Contractors Protective (OCP) Liability Coverage has several limitations. One key limitation is that no excess coverage can be purchased above it
Get Your Free Quote Today
Ready to protect your business with the right coverage? At BlueRock Insurance Services, we make it simple, fast, and stress-free to get the protection you need. Whether you're a small business owner, homeowner, or just getting started, our experienced team is here to guide you.
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