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VI. General Considerations <br />Proposers are encouraged to use their initiative and imagination in <br />developing the broadest possible program for the City within a reasonable <br />price range. Utilization of deductibles is also encouraged to the eKt;ent <br />required by underwriters, or economically advantageous to the City. <br />Proposers will especially appreciate the problem of public corporations in <br />Minnesota which have lost immunity against all kinds of liability and must <br />therefore seek protection as free from limitations and exclusions of <br />standard -type policies as considerations for insurer and insured can <br />possible make it. Similarly, governmental subdivision needing insurance <br />against loss, damage, or destruction of valuable properties are obligated to <br />seek coverage of the property (ies) as devoid of exclusions as the same <br />considerations can make it in order to protect taxpayer assets from insurable <br />catastrophe. It is in view of these considerations that proposers are <br />urged, when faced with a valid choice between excluding coverage and <br />employing realisti:. to c11ooS4-! thl. All <br />Will "W anen32r] t:) jiv_ of �.ijh:�•�liation. <br />-`. 1-13Rlri:; F;, !Y• Tr.±11SIJrr'-!d- <br />A. Statutory t. .Ibi l i ly to ,71,ployc_'w; - Mork. n::?n'> ^� �.�;h•,•+Lion an i <br />Employer's Liability Insurance Statutory policy. <br />1. Include All States Endorsement. <br />2. If a flat dividend will be payable at the end of the policy year, <br />indicate current percentage and net premium. <br />3. If a resolution is required to bring board and commission members <br />within the purview of the Workmen's Compensation Act, attach copy <br />hereto. <br />4. If a "Merit Rating", "Equity Dividend", or "Retrospective Rating" <br />plan is proposed, attach a complete copy of explanation. <br />5. Term: 1 ye—ir. however, if .1 or loaj,�,r plan i i p roposd,j <br />as an alternative, kindly specify and explain. <br />6. Estimated payroll breakdown and suggested classification of all <br />employees is included with underwriting data. Proposers may apply <br />lower rated codes if approved by the Minnesota Compensation Rating <br />Bureau. <br />7. If the City borders on federal waters (bor, rs lakes, border rivers, <br />dams if controlled by the Corps of Engineers, and navigable rivers) <br />or railroad switch lines are operated, attached both Longshoremen's <br />and iiarborworkers and Federal Employers Liability Act, or Jones Act <br />Numbers I and II. <br />-4- <br />