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6} workers Compensation coverage for the City renewed October 1, 2009. It, too is a <br />good renewal, although not quite as favorable as last year, The Experience <br />Modification factor has increase a bit, but is still excellent at .85. This means a 15% <br />discount from the League's base rates. <br />The League's workers Comp rates have not changed - a few changes on some of the <br />work classifications, but not enough to make much difference. <br />7} Municipal liability limits have increased for this year's renewal, The new tort limit <br />for municipalities has now been set at $1,500,000 after the change instate statute, <br />we did not seek a quote for additional limits this year as the City has always chosen <br />to decline the offer of higher limits in the past, Should the Council be interested, we <br />will get you the premium quote and come back with the information, Additional <br />limits can be added at any time. Coverage has again been renewed on the basis of <br />waiver of the per claimant limit, but this too can be changed. Statute now provides <br />that a payment for any one claimant can be limited to $500,000.1f the Council <br />is interested, we can provide information on the change in cost, <br />8} The City changed to a special deductible plan last year - $10,000 per <br />`occurrnece'1$50,000 aggregatel$1,000 `maintenance' after reaching the $50,000 <br />aggregate. Results so far have been very favorable, so we are not recommending a <br />change, what we have been able to do this year, however, is to reduce the aggregate <br />limit to $40,004 with no change in premium cyst. The City's claim history has been <br />very good, and with good safety practices in place, we would expect this trend to <br />continue, we did not seek optional quotes this year but plan to do so next year, <br />This year's renewal is an excellent one and we recommend the Council approve <br />it, but if there are other questions, we will, of course, address them for the <br />Council. <br />First National appreciates the opportunity to work with the City of Elk River, ERMU, and <br />the fine staff, we thank you for the continued business, <br />Respectfully, <br />Mary Eberley, C U <br />Agent <br />