Laserfiche WebLink
<br />From: <br />Sent: <br />To: <br />Subject: <br /> <br />Mary Eberley <br />Thursday, January 05, 2006 3:56 PM <br />LORI JOHNSON (E-mail) <br />LMCIT Liability Limits <br /> <br />~~3 <br />-ifand())L1' <br />~ '3 j<tft;- <br /> <br />; <br /> <br />Mary Eberley <br /> <br />Hi Lori: <br />I'll be at the Council's workshop on Monday as we'd planned. I think the simplest way to approach the discussion about <br />the City's choice for liability limits is to follow the information in the enclosed risk management memo from the League <br />itself. The chart on the last page of the memo is the best & easiest explanation of the League's options. Right now, the <br />City of Elk River has elected coverage based on the second option - $1 million available across the board. <br /> <br />We have offered the Excess Liability Limit quote each year, but the City has opted not to purchase the additional limits. <br />You and I have discussed this each year, but I felt it would be good for the Council to have an opportunity to ask questions <br />and then either re-affirm, or change, the City's current position. The cost of additional limits is significant ($52,505 at the <br />last renewal for an additional $1,000,000 in protection), but risk also grows as the City does. The League has done a good <br />job of identifying some strategies a member city could follow, and it may be that Elk River would like to explore some of <br />these ideas. <br /> <br />Having this dialogue now will allow time to investigate any strategies or options the Council might want to consider before <br />July, the next renewal date, and before the Council makes its final decision for the next term. <br /> <br />We also agreed to discuss coverage for the Ambulance Service, and if it makes sense or saves cost to include the Service <br />with the City's LMCIT account. I am still looking at the Workers Compensation & will either send a separate email, or bring <br />it with me Monday evening. Right now, it looks as though it makes sense to leave the Ambulance Service where it is <br />currently insured, but I have a couple more questions to investigate. <br /> <br />If you think we should approach differently, let me know. I think this email and the attachment should be sufficient for our <br />discussion. If you feel we need to be more formal, I can do a separate memo. Thanks, Lori- <br /> <br />Mary Eberley, CPCU <br />First National Insurance Agency <br />763-712-7881 <br /> <br />-m <br /> <br />LMcrr Liability <br />Limits <br /> <br />1 <br />