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Hnw to avoid the problem <br />Thp citv should consider purchasing higher limits of liability <br />coverage. LKCIT makes available up to $5,000,000 of additional <br />limits at the city's option. <br />liability limits to the extent of the city's excess coverage <br />a?, injured partron a claim where the statutory liability limits <br />would otherwise limit the amount the claimant could recover. <br />Riivina hiaher liability coverage limits gives the city better <br />orotectioragainst the risks il faces. IjfltS Vt-puqh that buying <br />expensive "waiver" option doesn't give the c^ty any <br />hSfrS? IrotLtion: rather, it gives the person the <br />Ktter Erot^rLion bv allowi?^ him to recover more tha.i ue wou^d <br />otheiv'ise be able to from the city. <br />There's no Sir.pie "right" answer to the question of whether your <br />city should buy excess liability coverage lr.rits, and if so <br />?drLrdiL?it?s^ary‘5ic-!^nr;h^?^:;?y"2hr= <br />Till tS? City might <br />injure, respectively) arc worth that additionax expenditure of <br />city funds. <br />sometimes city officials reason that "we're only a <br />so we don't need high liability coverage limits. But arguably <br />the opposite is true: A big city has much more tax <br />many more taxpayers over which to spread, say, a , , <br />excLrjudgemLt; in a small city, the burden per taxpayer could <br />be enormous. <br />.mM