The Owner''s Control Insurance Program has been operating in other countries for years in view of such advantages as the comprehensive insurance plans, the integrity of the risk management plan, the unity of the claim management as well as the reduction of the premium. At present, Taiwan Power Company, Ltd. and Department of Rapid Transit Systems, Taipei City Government are the only two governmental units, who have sound experiences in adopting this arrangement due to the concerns of the big size of the work. As to other companies like Taiwan High Speed Rail Corp., Mass Rapid Transit Bureau, Kaohsiung City, Chinese Petroleum Corp., Taiwan, and China Steel Corp. they also have more or less experience.
However, in consideration of the size and the complication of the engineering works and the difficulties of the reinsurance arrangement nowadays, the Owner''s Control insurance Programs are getting popular. Nevertheless, most of the insurance policy structures applied in the domestic market are based on the European formats, which are largely different from the ones applied in the U.S. market. Furthermore, there are lots of engineering insurance clauses involved. Without deliberate inspections, if these clauses originally suitable for the U.S. market are used on the existing policy structures, it might result many disputes. Therefore, this research mainly compares the difference of the Owner''s Control Insurance Program applied between our country and U.S. At the same time, it also proposes some research findings in respect of the line of business to be purchased, the design of the insurance clauses, the coverage of the insureds and claim issues. All of them might provide the principals, the large-scale contractors, the project participants and the insurers, whether they intend or have adopted The Owner''s Control Insurance Program, with some practical suggestions.