What is Principal-Controlled Insurance Program (PCIP)

In a Principal-Controlled Insurance Program, the project owner buys a single policy that covers every contractor on the job. This gives consistent protection and closes gaps between separate policies. Why it matters: It simplifies claims and compliance on large or multi-trade projects.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Financial

Legal

Insurance Documents

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Employment

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E&O

D&O

Commercial Insurance

Cyber

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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