HomeMy WebLinkAboutVIII-14 Declare Insurance Liability Coverage
City Council Memorandum
To: Mayor Fasbender & City Councilmembers
From: Emily King, Deputy City Clerk
Date: December 5, 2022
Item: Declare Liability Insurance Coverage
Council Action Requested:
Approve the resolution to not waive the monetary limits on tort liability established by MN
Statues 466.04, to the extent of the limits of liability coverage obtained by the League of
Minnesota Cities Insurance Trust.
Background Information:
The City’s insurer, the League of Minnesota Cities Insurance Trust (LMCIT), requires that the
City Council make an affirmative action whether or not they will waive the monetary limits on
tort liability established by MN Statues 466.04 to the extent of the limits of liability coverage
obtained by the LMCIT.
Since 2010 City Council has chosen not to waive the tort immunity, which limits an individual to
recover no more than $500,000 on any claim to which the tort immunities apply. The single
occurrence limit under state law is$1,500,000. If the City Council were to waive the tort
immunity, an individual could collect or recover up to the per occurrence limit. The premium
impact would be approximately an increase of 3% if the tort immunity was waived.
Financial Impact:
Premium savings.
Advisory Commission Discussion:
N/A
Council Committee Discussion:
N/A
Attachments:
• Resolution
VIII-14
WHEREAS, the City of Hastings obtains liability insurance coverage from the League
of Minnesota Cities, and;
WHEREAS, the League requires the City Council to establish the level of liability
insurance coverage by resolution for the City, and;
WHEREAS, the City, since 2010, has opted to not waive the monetary limits on
municipal tort liability established by Minnesota Statutes 466.04, and;
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Hastings,
Minnesota does hereby declare to not waive the monetary limits on municipal tort liability and to
not purchase excess liability insurance.
Adopted on this 5th day of December, 2022.
_______________________________
Mary D. Fasbender, Mayor
Attest:
____________________________
Kelly Murtaugh, City Clerk
VIII-14
CITY OF HASTINGS
COUNTIES OF DAKOTA AND WASHINGTON
RESOLUTION NO. 12 - - 22
A RESOLUTION DECLARING INSURANCE LIABILITY
FOR THE CITY OF HASTINGS