A CIP is a comprehensive insurance policy that covers owners, subcontractors, and contractors.
A project leader purchases the CIP, pays for insurance premiums, and receives reimbursement from project members on their behalf.
What advantages does a Controlled Insurance Program (CIP) provide?
A controlled protection program (CIP) furnishes the singular gatherings with more noteworthy buying power than the individuals could purchase independently.
The parties receive comprehensive coverage as a result, thereby lowering their overall risk and lowering the cost of insurance through the acquisition of a group rate.
