One insurance carrier for your project means quicker claim
turnaround and less time spent on paperwork and cross litigation
before deciding who pays for your claim. Cross litigation
is a major downfall of the traditional approach to large projects.
It is expensive and creates hostility in the workplace by
pitting individual's and their independent carriers against
one another, and consumes an inordinate amount of time with
paperwork for everyone. The only parties that stand to benefit
financially from cross litigation are the insurance company
that eventually wins a suit and the attorneys involved for
each side. With an OCIP/CCIP your insurance provider is concerned
with your claim, not trying to make money off your injury,
because they are paid up front and serve everyone on the site.
For example, let’s say I get hurt on the job. I report
this to my insurance carrier, but it's actually the plumber’s
fault that I got hurt. My insurance carrier then sues his
insurance carrier. They, in turn, sue the insurance carrier
of the guy that hired the plumber, who decides that it is
the fault of the prime contractor, then the general contractor,
then the owner. After all this, someone blames it on the guy
who got hurt in the first place, me, and we're back to square
one. In a Wrap Up the insurance carrier services your claim
and gets you back to work.
