Source: https://www.irmi.com/, December 2019
By: Jeff Slivka
Call it whatever you want—owners protective, protective, “Opie,” or owners protective professional indemnity (OPPI)—the coverage has secured its place as a valuable option to owners looking to protect against the catastrophic design errors that can occur during nearly any construction project.
In fact, nearly 10 separate insurers offer similar OPPI policies on at least a macro basis. All also offer at least two core insuring agreements that include first-party indemnity and third-party defense coverage forms. Read more.