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2020 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />11 <br /> <br />INSURANCE <br />The insurance function provides the appropriate <br />insurance coverage and protection for all aspects of <br />City operations. The insurance coverage includes <br />general liability, liquor liability, property and <br />casualty, auto, theft, business interruption, and <br />worker’s compensation. <br />The City takes advantage of the League of <br />Minnesota Cities Insurance Trust’s loss control <br />programs and its internal Safety Committee as risk <br />management tools. <br />The Finance Department confirms that the levels of coverage, lists of covered property and <br />factors used in liability rating are sufficient and accurate during the annual renewal process. Any <br />changes in property owned or additional liability assumed is communicated to the League <br />during the policy period. The City’s worker’s compensation policy insured a total wage risk of <br />5,278,400 million. Property and casualty coverage insured City assets with a cumulative <br />replacement value of 45,353,320 million. <br />LICENSE/PERMITS <br />This function provides billing and collection services for building/remodeling permits and <br />coordination of inspections with the New Brighton Building Official. Annual fees and licenses as <br />set forth in the city ordinances are also processed using specialized permitting software. <br />