Glossary · estimating
O&P
Contractor overhead and profit, typically 20% added to estimates.
Overhead and Profit is typically 10% overhead plus 10% profit (or combined 20%) added to the sum of labor, materials, and equipment. Florida carriers often omit O&P initially; supplemental claims can recover it.
In practice
Where you encounter "O&P" in Florida claims
Policyholders see "O&P" referenced in policy language, claim correspondence, and carrier scope of loss documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See also FS 626.854 and FS 627.70131.
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Related terms
Projected cost of repair.
Industry-standard insurance estimating software.
A single entry in a scope of loss, with quantity and price.
Regional labor and material cost reference used in estimates.
Tax on material costs, added to estimates.
The formula used to calculate depreciation on contents and materials.
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Related statutes
Your right to professional representation.
What carriers must do and when.
When you must file.
What the carrier owes you.
Reasonable matching requirement.
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Glossary
Related insurance terms
Related glossary entry: Dry Time.
Related glossary entry: Efficient Proximate Cause.
Related glossary entry: Pre-Existing Condition.
Related glossary entry: Salvage.
Related glossary entry: Lloyd's Syndicate.
Related glossary entry: Release.
Free claim review
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details next.
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