The Port has Risk Management Department responsible for ensuring that entities doing business with the Port comply with the Port's insurance requirements. Port policy generally requires that each entity doing business with the Port maintain the types and amounts of insurance specified in the contract agreement to protect the Port against risks associated with the entity's activities and/or products and to support the indemnity obligations assumed by the entity in the contract agreement.
Risk Management also manages the Port's Owner Controlled Insurance Program (OCIP). The OCIP provides commercial general liability, workers' compensation, employer's liability and contractor's pollution legal liability insurance coverage to contractors working on capital improvement construction projects (subject to some exceptions as excluded). In addition, the Port of Oakland also maintains an owner-controlled professional liability insurance program (PLIP) for consultants working on capital improvement projects.
|