IPTC secures $20 million OPPI insurance for Blue Line project

During the recent IndyGo Board of Directors meeting held on March 20, 2025, significant discussions centered around the procurement of insurance for the ongoing Blue Line rapid transit project. Brian Klim, the Director for Risk and Safety, presented details regarding the new insurance policy acquired through Distinguished Insurance Brokers LLC. This policy, valued at $10 million, is part of a comprehensive coverage strategy that includes an additional $10 million from the architectural and engineering firm involved in the project, bringing the total project insurance to $20 million.

The insurance policy, which comes with a premium cost of $237,000, is funded through the Blue Line Capital Investment Grant from the Federal Transit Administration. This four-year policy also includes a ten-year extended reporting period, ensuring long-term protection for the project. Klim emphasized the importance of binding this coverage before the issuance of the notice to proceed with work, highlighting the proactive measures taken to safeguard the project.

In addition to the Blue Line project, OPPI insurance coverage was also mentioned for previous projects, including the Red Line and Purple Line, indicating a consistent approach to risk management across IndyGo's initiatives.

The meeting also featured a moment of appreciation for staff training efforts, particularly de-escalation training, which was noted as beneficial for enhancing staff engagement strategies. Board members expressed gratitude for the training opportunities that contribute to the overall safety and effectiveness of IndyGo's operations.

As the meeting concluded, the board acknowledged the accomplishments made and looked forward to future presentations that would further enhance safety measures for both staff and riders. The discussions underscored the board's commitment to ensuring robust safety protocols and financial protections for ongoing and future transit projects in Indianapolis.