Munich Re Specialty - North America
custom OCIP CCIP wrap-up policies and insurance packages for construction site projects
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Construction wraps

Creative coverage solutions for construction sites

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    Protect your project with comprehensive construction wrap solutions: 

    Leaders at today’s construction sites are increasingly under pressure to find skilled workers, manage a volatile supply chain and variable material costs, and juggle complex sequencing and timelines. They must also track and manage insurance policies for contractors, vendors, and suppliers, risking disputes between insurance companies over coverage.

    There has never been a greater need for comprehensive primary and excess casualty offerings from Munich Re Specialty and its team of construction specialists. Our project-specific and construction wrap-up (OCIP/CCIP) policies, delivered through our network of select wholesale brokers, provide general and excess liability coverage, from project start to finish, under one program.

    construction site wrap-up policies, custom OCIP CCIP and insurance packages
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    Munich Re Specialty construction project-specific and wrap-up insurance delivers coverage with distinct advantages that include:

    Financial stability
    Munich Re Specialty offers a robust capacity and holds some of the industry's highest insurer financial strength ratings
    Customized coverage
    Our policies can be tailored to meet client needs, from the simple to the complex
    Best-in-class
    underwriting
    Our team is dedicated to bringing their expertise and commitment to providing innovative and value-added solutions
    Superior claims service
    Our claims team is staffed by industry veterans and specialist attorneys with strong analytic and problem-solving skills, with a focus on claims legal strategies and claims litigation management

    Products offered

    Munich Re Specialty offers three comprehensive, project-specific products that differ based on the named insured. All these coverages are offered by Munich Re Specialty as both primary and excess policies.
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    Owners Interest

    General Liability
    Limits: Up to $2/4/4M at variable retentions
    Excess
    Supported Lead $10M

    Project Specific

    General Liability
    Limits: $2/4/4M at variable retentions
    Excess
    Supported Lead up to $8M
    Unsupported Lead up to $5M
    Mid/High Excess up to $10M

    Wraps

    General Liability
    Limits: $2/4/4M at variable retentions
    Excess
    Supported Lead up to $8M
    Unsupported Lead up to $5M
    Mid/High Excess up to $10M

    custom construction site wrap-up policies and OCIP CCIP insurance packages
    © Witthaya Prasongsin / Getty Images

    Appetite overview:

    Our appetite varies, but only slightly, between the products offered.                    

    Project types:

    • Offices, office parks, manufacturing plants, logistics, distribution, higher education, and similar
    • Unique commercial type projects such as pharma/biotech, food and beverage plants, data centers, geothermal/solar/biomass, and water/wastewater treatment plants
    • Multi-family apartments
    • Infrastructure projects (primary and at a $15mn minimum attachment for excess)

    Frequently asked questions:

    Learning more about our construction wrap products

    An Owner’s Interest policy provides coverage for a project owner for general liability resulting from a designated construction project or projects, subject to policy terms and conditions, from start to finish.
    A Project Specific policy provides coverage for an owner and general contractor or general contractor for general liability and excess exposures resulting from a designated construction project or projects, subject to policy terms and conditions, from start to finish.
    Owner Controlled Insurance Program (OCIPs) and Contractor Controlled Insurance Programs (CCIPs) provides coverage for the insureds (owner, general contractor, and enrolled subcontractors) for general liability and excess exposures resulting from a designated construction project or projects, subject to policy terms and conditions, from start to finish.

    About Munich Re Specialty

    Munich Re Specialty – North America products and services are offered by and provided through insurance companies and producers/surplus lines brokers that are eligible or licensed in accordance with the laws and regulations of individual jurisdictions. Products and services are not available in every, and may vary by, jurisdiction. The information provided on this site is intended as general information only and does not constitute an offer to sell or a solicitation to purchase insurance or non-insurance products and services. Please be aware that the insurance policy and not any information provided on this site will form the contract between the parties thereto, and will govern in all cases. Munich Re Specialty – North America’s insurance products and services in the United States, Canada, and the United Kingdom are underwritten and provided by or through one or more of the insurers, producers/surplus lines brokers that are members of the Munich Re Group identified below. Each company is financially responsible only for insurance policies it has issued.

    For more information on Munich Re Specialty, including licensing, regulatory-required, and other information on the operating companies, please click here.

    Contact our experts
    Lennox Marshall
    Lennox Marshall
    Primary Construction Project Lead, Senior Vice President, E&S Primary Casualty Construction
    Munich Re Specialty – North America
    Bincy Mathew
    Bincy Mathew
    Senior Vice President
    Excess Construction
    Danny To
    Danny To
    Senior Vice President
    Excess Construction