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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(651) 484 -2177 / FAX: (651) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: February 5, 1999 <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R Hanson <br />RE: LMCIT Insurance Coverage (Excess Liability and Boiler and Machinery <br />Coverage) <br />Attached are two quotes relative to coverage through the League of Minnesota Cities Insurance <br />Trust (LMCIT). The first is for excess liability insurance with limits of $1,000,000. This would <br />be $1,000,000 above the $750,000 statutory limit we are already insured for. This limit would <br />not waive our statutory defense, but only be in place for items where our statutory defense does <br />not apply. (Federal Court items such as civil rights claims.) The quote for this coverage is <br />$6,124. In the past, we have not purchased this coverage and I would recommend the same <br />action given the cost versus the additional coverage we gain. <br />The other quote is for boiler and machinery coverage. The premium would be $930. In <br />reviewing this with our agent, it appears that it would provide minimal benefits to us given our <br />lack of exposure in this area. Therefore, I do not recommend its purchase. <br />As always, you may want the City Attorney's comments on these matters. Should you have any <br />comments or questions in the meantime, please let me know. <br />JRH:kpp <br />Enclosures <br />Paae 21 <br />