Laserfiche WebLink
LCfioUE OF Mr. CITIES TEL :612-490-96S6 Jan 08 93 14:45 No.005 P.03 <br />IV % <br />ir; <br />- •< . <br />!v <br />-r <br />5 <br />-i <br />H9W avoid the Problem <br />Th« citv »hould consider purchasing higher limits of liability <br />coverage* LMCIT mnKes available up to $5,000,000 of additional <br />limits at the city's option. <br />iaiiiiBC <br />would otherwise limit the amount the claimant could recover. <br />Buying higher liability coverage llroita gives the city better <br />otherwise be able to from the city. <br />There's no simple "right” answer to the question of whether your <br />city should buy excess liability coverage limits, and if eo <br />whether to do so under the "waiver" or the "non-waiver" option. <br />Th&B& BtB discretionary decisions that only the council can <br />decide. The council must determine whether the added <br />sipHnSiLr. <br />city funds. <br />sss^irsdsiy <br />the opposite Is true: A big city has much more tax be** s^d <br />be enormous. <br />10. fimOLBUN TAIfK LIAXB OB SPILLS <br />What can go wrong <br />Minnesota's Petrofund provides reimbursement for 90% of the <br />bI^ridSc2d*o?"refI2ed*^if*thI‘owneJ is not in compllence. And In <br />any event the city will be responsible -iJ: ^Jtsclean-up and liabi.''ity coate, as well as all legal dafenae coe s <br />aaaooiatad with thi' leak or aplll.