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Committee approves SFMTA insurance amendment to contain Central Subway costs
Summary
The committee approved an amendment authorizing the SFMTA to obtain an additional $150 million excess liability layer through Aon to lower contractor insurance costs for Central Subway station contracts; budget analyst reported estimated SFMTA expenditures of about $8.28 million for the coverage.
The Budget and Finance Committee recommended approval of an amendment to the SFMTA's insurance arrangements for the Central Subway project that will add a centrally procured $150 million excess liability layer, reducing the insurance burden contractors would otherwise carry.
Arthur Wong, SFMTA construction manager…
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