11. SUBJECT: MAJOR CONSTRUCTION UMBRELLA INSURANCE PROGRAM AUTHORIZE the Chief Executive Officer to negotiate and purchase additional construction project umbrella liability insurance policies (also known as a super excess general liability insurance program) for construction of the Metro Westside Purple Line Extension Section 3 Project (Project) with up to $200 million in additional limits at a cost not to exceed $6.5 million for the period effective July 1, 2020 to July 1, 2027 (and products/completed operations coverage to July 1, 2037). - Metro Los Angeles

Meeting: Finance, Budget and Audit Committee on 2020-06-17 1:00 PM

Meeting Time: June 17, 2020 at 1:00pm PDT

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Agenda Item

11. SUBJECT: MAJOR CONSTRUCTION UMBRELLA INSURANCE PROGRAM AUTHORIZE the Chief Executive Officer to negotiate and purchase additional construction project umbrella liability insurance policies (also known as a super excess general liability insurance program) for construction of the Metro Westside Purple Line Extension Section 3 Project (Project) with up to $200 million in additional limits at a cost not to exceed $6.5 million for the period effective July 1, 2020 to July 1, 2027 (and products/completed operations coverage to July 1, 2037).