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Liability coverages currently carried by the City are as follows: <br />Umbrella <br />$2,000,000 coverage <br />$21,793 - Premium charge <br />General Automobile Errors or <br />Liability Liability Omissions ("Public <br />Officials") <br />$600,000 $600,000 $600,000 <br />$22,736 Premium $4,867 Premium $4,367 Premium <br />Worker's Compensation - Statutory Limits - $55,751 <br />Liquor Dram Shop Liability Insurance - $500,000 Primary - $4,375 <br />Transcontental <br />- Not included under regular umbrella policy - $500,000 Ecess - <br />$2,472 General Star Indemnity <br />In addition to the above insurances the City carries the <br />following coverages <br />Property $6,164 <br />Inland Marine 1,433 <br />Automobile Physical Damage 2,515 <br />Crime Coverage (Liquor, Golf, City Hall) 122 <br />Loss of Business Income 2,321 <br />(Liquor/Golf/Water) <br />Boiler Insurance (Western National) 150 <br />Bond Insurance (Uniteu Fire & Casualty) 1,186 <br />Mini Computer Equipment (St Paul Fire) 500 <br />The City's Umbrella, General Liability and Errors and Omission <br />insurance is on a "Claims Made" basis. This means that the <br />insurance company responsible for a claim is the one who is <br />curLent carrier at the time of the claim (as opposed to the <br />"occurance" of the alleged act.) 1987 is the first year Orono <br />has switched from occurance to claims made. (This switch was a <br />general one for the Trust and is a trend in the industry.) <br />Errors and Omissions insurance is what was previously known as <br />"Public officials" policy is responsible for coverage when there <br />is a claim for damage as a result of an act by a public official <br />where the damage requested is other than bodily (physical) or <br />personnel (liable, slander, denial of civil rights) (These are <br />generally covered under the General I,i.-ibility coverage.) If <br />there is a suit against the City for an act that does not request <br />damages, this insurance would not respond for coverage defense. <br />(An example is a suit that only requests the overturn of a <br />"Legislative" decision of the COUnci l with no damages asked.) <br />Parties covered by tho insurance at- generally the City and its <br />3 <br />