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The Rap on Wrap Policies:
An Owner/Developer Perspective

Parker, Smith & Feek Wrap policies

With construction booming across the entire Puget Sound Region, Owner Controlled Insurance Programs (OCIP) have become a popular strategy to insure a project’s onsite assets. But these programs can vary in effectiveness based on a large number of factors, and may not always be the most appropriate coverage for a specific project. Parker, Smith & Feek’s John Schmidt explains in the Puget Sound Business Journal what OCIPs are, and explores some pros and cons of these unique policies.

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The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.

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