Controlled Insurance Program (CIP) — a centralized insurance program under which one party procures insurance on
behalf of all (or most) parties performing work on a construction project or on
a specific site. Commonly referred to as "wrap-ups," CIPs are most
commonly used on single projects, but other uses include contract maintenance
on a large plant or facility (see "Maintenance Wrap-Up") or on an
ongoing basis for multiple construction projects (see "Rolling
Wrap-Up"). Typically, the coverages provided under a CIP include
commercial general liability (CGL), workers compensation, and umbrella
liability. CIPs offer a number of benefits, including greater control of the
scope of coverage, potentially lower project insurance costs, and reduced
litigation. CIPs can be purchased by the owner (OCIP) or contractor (CCIP).