Owners and Contractor Protective Liability Insurance

Elevator contractors often work in hazardous environments, opening themselves up to costly insurance claims and lawsuits. While having general liability insurance is necessary, in many cases it may not be enough. With Owners and Contractors Protective Liability Insurance, or OCP insurance, you will receive specialized coverage specifically for specific projects as required by your customers.

What is OCP Insurance?

OCP Insurance is a specific type of coverage that provides additional protection to the project owner for any bodily injury or property damage caused by the contractor, and in connection with the general supervision of the project by the owner.

Owners and Contractors Protective Liability does not replace general liability but is a policy that is added on in addition to the coverage you receive with general liability. It is purchased by the contractor but is an insurance coverage specific to a project.

Why Do Elevator Contractors Need OCP Insurance?

OCP insurance is essential for the general contractors and other workers in construction, and the elevator industry is no exception. For elevator contractors, owners and contractor’s protective is purchased by the elevator contractor to protect the owner of the elevator or building in the event that there is bodily injury or property damage.

Some reasons to carry OCP insurance includes:

Hazardous Work

General contractors and the construction industry carry this as a safeguard, but the elevator industry is susceptible to hazardous work and dangerous conditions. One little mistake could lead to severe injury and costly claim.

Expand Your Business

Carrying an extra layer of insurance geared particularly towards the owner of the elevator or building can help win more business. By offering your clients an extra safeguard, you can stand out from other contractors who do not provide this policy.

Extra Protection

Having the extra protection can save your clients from losing money related to costly lawsuits. It can give elevator owners peace of mind before you start working on a project.

Benefits of National Elevator’s Owners and Contractors Protective Liability

Getting OCP insurance with National Elevator Insurance Solutions offers many benefits. OCP insurance by nature is very industry specific, so if you’re an elevator contractor, you want to work with a company who knows elevator projects inside and out.

Other benefits include:

No Height Restrictions

Working on taller elevators means greater risks. No matter what type of elevator you are working on, you will have a reliable policy that will protect you from whatever mistakes are made.

Custom Coverage

Elevator contractors work on a wide variety of elevators and projects. With National Elevator, you will receive a policy that is tailored to your specialty.

Experience

Our industry experts have seen it all and know exactly what types of policies make the most sense for the work you do. Simply put, we have the most experience in the elevator industry.

Quality Claims Handling

Because our team is so experienced, our claims handling is the best in the industry. If there is a claim that needs resolving, our team will help you along the way.

Competitive Rates

We offer the most competitive rates in the elevator industry because elevators are the primary focus. Other providers don’t know the industry like we do.

Get started with National Elevator

Don’t let your elevator business go without the best elevator OCP insurance. Contact us today to learn about how we can protect your business today.

National Elevator’s general liability underwriting is done by a carrier that is licensed and admitted in all states and provides you with coverage enhancements specific to your industry.

Our underwriting enhancements include:

First Dollar Protection
No Deductible or Self Insured Retention (SIR)
Blanket Additional Insured coverage
Blanket Waiver of Subrogation
Per Elevator Aggregates
Limited Pollution Coverage