Owners and Contractors Protective (OCP) and Owner’s Interest both protect the project owner, and both are project-specific. But they cover meaningfully different things, and the difference usually comes down to what happens after the project is complete.
Coverage at a glance
*Up to 10 years or the statute of repose, whichever is less. General distinctions only; governed solely by the terms of the issued policy.
Which should an owner choose?
Because an owner’s liability can surface years after a building is occupied — think construction-defect claims or bodily injury tied to earlier work — the absence of completed operations is often disqualifying for OCP on its own. Owner’s Interest tends to be the more complete option for owners concerned about long-tail exposure. OCP can still play a role in specific, shorter-horizon situations. The right choice depends on the project’s risk profile and contract requirements.