Legal Issues with Obtaining Insurance for Large Transit Projects
TRB’s Transit Cooperative Research Program (TCRP) Legal Research Digest 47: Legal Issues with Obtaining Insurance for Large Transit Projects identifies and discusses in detail the legal issues confronting transit agencies seeking to obtain insurance for large transit capital projects. The report covers different types of insurance coverage required for large projects and the types of programs available, including Owner Controlled Insurance Programs and owner’s protective professional indemnity insurance. In addition, the report considers the benefits, advantages, and disadvantages of such programs as compared to consultant- or contractor-provided insurance programs.
The digest also examines how state law affects the ability to assign risk contractually; the current practices for drafting contract provisions to manage risk; competitive procurement and cost analysis issues; methods of obtaining comparative pricing for various insurance options; and the impacts of the various types of insurance programs on owner liability, project and contractor safety, and disadvantaged and small business enterprise project participation.
This Summary Last Modified On: 4/15/2016