Owners and Contractors Protective (OCP) Liability Coverage Definition
A policy which provides Bodily Liability and Property Damage coverage for the insured to protect against the negligent acts of contractors and subcontractors hired by the insured. Coverage can also apply to the insured's own negligent supervision of the work performed.
Surplus lines insurer Lexington Insurance Co., a subsidiary of AIG, reported that it has arranged a contingent property reinsurance cover from Berkshire Hathaway's National Indemnity Co. for its real estate portfolio. The cover is also for policies having limits of $250 million or greater, policies with home/foreign exposure and the property sections of most of Lexington’s homeowners book.
denver auto insurance
The reinsurance provides coverage under the same policy terms and conditions as issued by Lexington. In the event of a covered loss, Berkshire stands behind Lexington.
Lexington's parent is American International Group (AIG). "This enhances Lexington's value to its policyholders", said George Stratts, executive vice president of Lexington and head of its Property Division.
non owned auto insurance
"This support from AAA-rated, Berkshire Hathaway speaks volumes about Lexington's true financial strength and affirms its pivotal role and leadership position in the marketplace," said Kevin H. Kelley, chairman and chief executive officer of Lexington Insurance Company.
Auto Dealer Insurance