11-25-2019 Council Packet - Laserfiche WebLink

Home Browse Search

RELEVANT LINKS: League of Minnesota Cities Information Memo: 11/15/2018 LMCIT Liability Coverage Guide Page 4 3. Risks for which specialty coverage is needed • Aircrafts (a drone is not considered an "aircraft" if it's not designed for the transport of persons or property). • Architects. • Big boats. • Doctors, most nurses, dentists, pharmacists, and psychologists. See Section HL& Liquor . Liquor sales. liability. See section 1113, Special • Motorized amusement rides, such as carnival rides. events. • Motor vehicle demolition derbies, racing, pulling contests, or stunt driving. • Prisons. • Railroads. See Section III.T, Special • Rodeos. events. • Specialty type operations such as hospitals, clinics, nursing homes and licensed child care programs. See Section IILT, Special • Stunting activities or events that involve a significant risk of serious injury events. to the participant, performer, or others, such as high -wire acts, base or bungee jumping, skydiving, circus type acts, and acts involving dangerous animals. D. Coverage limits LMCIT gives members options for structuring their liability coverage. Members can also choose either to waive or not to waive the monetary tort caps the statutes provide. It can also select from among several liability coverage limits. 1. LMCIT primary liability limits Minn. Stat. § 466.04. The statutory municipal tort liability is limited to a maximum of $500,000 per claimant and $1.5 million per occurrence. These limits apply whether the claim is against the city, against the individual officer or employee, or against both. LMCIT's liability coverage provides a standard limit of $2 million per occurrence. Higher limits are in place for a couple reasons. See Section H.D.3.a, First, the statutory liability limit caps the city's liability for many types of Statutory limits may not apply. claims. But some types of liability claims aren't subject to the statutory tort caps, so the city's potential liability is unlimited for some types of claims. Second, it's increasingly more common to see contracts require more than the statutory limit. A more common figure is $2 million. LMCIT's higher limit meets this requirement, but if even higher limits are required, there is the See section H.D.3, option to carry LMCIT's excess liability coverage. LMCIT can in some cases Purchasing higher liability also issue an endorsement to increase the city's coverage limit only for claims limits. relating to a particular contract. League of Minnesota Cities Information Memo: 11/15/2018 LMCIT Liability Coverage Guide Page 4