CCIP stands for?

CCIP stands for?

• A. Construction Contractor Insurance Plan
• B. Comprehensive Coverage Insurance Program
• C. Client-Controlled Insurance Program
• D. Contractor Controlled Insurance Program

Answer: (D)

The concept being tested is recognizing a standard construction insurance term. CCIP stands for Contractor Controlled Insurance Program. In this setup, the contractor takes the lead to purchase and manage a single, project-wide insurance program that covers the project and typically subcontractors as well. The contractor controls the terms, premiums, claims handling, and safety/risk management for the whole project, which can streamline coverage, reduce duplications, and often lower overall costs through risk pooling. This is distinct from owner-controlled programs, where the project owner would run the program, and from more generic-sounding phrases that aren’t the established industry term.

The concept being tested is recognizing a standard construction insurance term. CCIP stands for Contractor Controlled Insurance Program. In this setup, the contractor takes the lead to purchase and manage a single, project-wide insurance program that covers the project and typically subcontractors as well. The contractor controls the terms, premiums, claims handling, and safety/risk management for the whole project, which can streamline coverage, reduce duplications, and often lower overall costs through risk pooling. This is distinct from owner-controlled programs, where the project owner would run the program, and from more generic-sounding phrases that aren’t the established industry term.