Sign up for free Coaching and Training on of Insurance - Level the playing field
Download the course for Free The phrase overheard and profit,a.k.a O&P as it is more often known, is mistaken and frequently the topic of misunderstandings and disputes. Because of the purported custom and practice in the worker's compensation industry, class action lawsuits against insurance companies have been filed in many jurisdictions. Sign up for Free coaching and training Overhead and profit are frequently referred to in the insurance restoration and accident reconstruction industry as a norm from which variation is not permitted. But this is false and goes against economic truth and logic. But first, we must clarify what O&P is and how it is used in practice before exploring the fallacy surrounding this insurance practice and habit. There are just two main cost components that constitute the "Cost of the Work" on any project, in the eyes of a general contractor or construction manager: Insurance cl...