Committee backs owner-controlled insurance program to support Cleveland Hopkins terminal modernization
The Transportation & Mobility Committee advanced an ordinance to create an owner-controlled insurance program (OCIP) for the Cleveland Hopkins terminal modernization, a seven-year umbrella insurance approach estimated at $45 million designed to lower barriers for small contractors and centralize claims management and safety oversight.
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The Transportation and Mobility Committee on Nov. 14 advanced an ordinance to establish an owner-controlled insurance program for the Cleveland Hopkins International Airport terminal modernization program, an umbrella insurance arrangement the administration says will reduce costs and ease participation for smaller contractors.
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