Laserfiche WebLink
O �Qa <br /> [EAGUEof CONNECTING & INNOVATING <br /> MINNESOTA. SINCE 1913 <br /> CITIES <br /> RISK MANAGEMENT INFORMATION <br /> C T LIABILITY COVERAGE OPTI NS <br /> Liability Limits, Coverage Limits, and Waivers <br /> LMCIT gives cities several options for structuring their liability coverage. The city can choose <br /> either to waive or not to waive the monetary limits the statutes provide;and the city can select <br /> from among several liability coverage limits. This memo discusses these options and identifies <br /> some Issues to consider In deciding which of the options best meets the city's needs. <br /> Statutory Limits on Municipal Tort Liability <br /> The statutes limit a city's tort liability to a maximum of$500,000 per claimant and $1,500,000 per <br /> occurrence. These limits apply whether the claim is against the city, against the individual officer or <br /> employee, or against both. <br /> Coverage Limits for LMCIT's Basic Primary Liability Coverage <br /> LMCIT's liability coverage provides a limit of$1,500,000 per occurrence, matching the per- <br /> occurrence part of the statutory municipal tort liability limit. Beside the overall coverage limit of <br /> $1,500,000 per occurrence,there are also annual aggregate limits(that is, limits on the total amount <br /> of coverage for the year regardless of the number of claims), for certain specific risks, Aggregate <br /> limits apply to the following; <br /> Products $2,000,000 annually <br /> Failure to su 1 utilities $2,000,000 annually <br /> Data security breaches $2,000,000 annually <br /> EMF $2,000,000 annual] <br /> Limited pollution* $2,000,000 annually <br /> Mold $2,000,000 annually <br /> Land use liti ation** $1,000,000 annually <br /> Employers liability work corn $1,500,000 annually <br /> * Includes sudden and accidental releases of pollutants; <br /> herbicide and pesticide application;sewer ruptures, overflows <br /> and backups; and lead and asbestos claims. Dredging or FFFormore e Information <br /> excavation claims are subject to a$250,000 sublimit. These formation about land <br /> limits apply to bo th damages and defense costs, n coverage, please see <br /> Coverage is provided on a sliding scale percentage basis, MCIT Coverage for <br /> which is based on participation in LMCIT's online land use elating to Land Use. <br /> training, Coverage applies to both damages and litigation costs. <br /> i <br /> LEAGUE OF MINNESOTA CITIES_ 145UN VI:RSrrvAVL.WFS( PHONE;(651)281-1"200 FAX:(651)281-1'298 <br /> INSURANCE TRUST ST.rAVI MN 35103 2044 TOLC HUI:(800)925-1,122 WFN WWWIMC...onr, <br /> I <br />