What Does Owners and Contractors Protective Liability Coverage Mean?

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What does Owners and Contractors Protective Liability Coverage mean? Read on to discover the definition & meaning of the term Owners and Contractors Protective Liability Coverage - to help you better understand the language used in insurance policies.

Owners and Contractors Protective Liability Coverage

Owners and Contractors Protective Liability Coverage

A stand-alone policy that covers the named insured's liability for bodily injury (BI) and property damage (PD) caused, in whole or in part, by an independent contractor's work for the insured. The contractor purchases the policy to provide coverage for vicarious liability the client (project owner) incurs as a result of the contractor's acts or omissions on the project. The OCP policy also responds to liability arising out of the insured's own acts or omissions in connection with its general supervision of the contractor's operations.

We hope the you have a better understanding of the meaning of Owners and Contractors Protective Liability Coverage.

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