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Carson Reclamation Authority approves insurance for Leonardo Street construction
Summary
The Carson Reclamation Authority on March 3 approved three road-specific insurance policies to cover construction of Leonardo Street, authorizing the executive director to bind policies and pay premiums. Board members were told the approach saves the authority money compared with contractors buying policies directly.
The Carson Reclamation Authority voted unanimously March 3 at Carson City Hall to purchase three road-specific insurance policies to cover construction of Leonardo Street and authorized the executive director to bind the policies and pay the premiums.
The action approves (1) a road-specific owner’s interest commercial general liability policy with Crum & Forster Specialty Insurance Company, premium not to exceed $58,233; (2) a road-specific owner’s interest excess liability policy with Crum & Forster Specialty Insurance Company, premium not to exceed $49,497.51; and (3) a road-specific commercial general liability policy to be bound on behalf of the development and environmental manager, RE Solutions LLC, with Versys Specialty Insurance (a unit of Barclay Assurance Company), premium not to exceed $788,000. The…
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