Owners and Contractors Protective Liability Insurance in Miami, FL
Construction projects can often prove to be extremely risky work environments. Working at height, using heavy machinery, operating motor vehicles and handling sharp tools and hazardous materials can all be dangerous. Given such inherent perils and hazards, even the most experienced workers may be unable to prevent all accidents, and bearing liability for resulting losses could have devastating financial consequences. This is where owners and contractors protective (OCP) liability insurance emerges as a valuable investment.
What Is Owners and Protective Liability Insurance? 
Owners and contractors protective liability insurance is a vital and increasingly common type of policy that more project owners are beginning to require when rewarding bids for jobs. OCP liability insurance is often misconstrued as a possible replacement for general liability insurance, but this misconception could prove costly, as both types of coverage are often necessary.
A contractor typically purchases OCP liability insurance on behalf of the project owner or developer. These policies provide financial protection for the project owner by potentially protecting them from losses should they be liable for incidents caused by the contractor as they went about their duties on behalf of the insured.
What Does an OCP Insurance Policy Cover?
OCP liability coverage is typically retained through a policy connected to a specific project. Policies can generally provide financial assistance should the insured be liable for bodily injuries or property damage due to the following:
- A project owner’s vicarious liability through the work that a contractor is conducting on their behalf
- A project owner’s actions or omissions while acting as a general supervisor of a contractor’s operations.
Learn More
At Miami International Insurance Agency, we’ve been helping businesses in Miami and throughout our south Florida communities secure the right coverage since 1993. Contact us today to learn more about OCP insurance coverage to explore personalized quotes.