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5.3. SR 10-17-2005 Item 5.3. MEMORANDUM TO: Mayor and City Council FROM: Lori Johnson, Finance and Administrative Services Director DATE: October 17, 2005 SUBJECT: Insurance Renewal City Insurance Agent Mary Eberley will be present at Monday's meeting to give a brief presentation on the city's insurance policy renewal, including property, liability, liquor liability, open meeting law, and other related policies. As in past years, the coverage renewed on July 1; however, we just received the final renewal information from the League of Minnesota Cities Insurance Trust (LMCIl). Attached is a memo from Ms. Eberley that provides information on the rates, changes in coverage, and other issues that affect rates. As the memo states, we are not recommending any changes in the policy; however, more discussion may be needed on a couple issues such as joint powers coverage. Ms. Eberley will highlight the items for discussion at the meeting Monday with the intent that follow-up can occur at a future meeting. Action Requested The Council is asked to approve the insurance renewal with the LMCIT effective July 1, 2005. s: \ Council\Lori\2005 \InsuranceRenewal.doc FIRST NATIONAL INSURANCE AGENCY SERVICE CENTER 812 MAIN STREET ELK RIVER, MN 55330 October 7, 2005 To: Honorable Mayor & Council Persons City of Elk River Thank you for the time on your Agenda at the October 17, 2005 meeting. I will attend to present the insurance renewal information from the League of Minnesota Cities Insurance Trust for 2005. Although the actual anniversary date for the City's coverage with the LMCIT program is July 1 st, coverage has been bound pending completion of the renewal proposal. Potential changes in the property values for electrical generation equipment and the addition of operating coverage for Westbound Liquor are in process. Lori Johnson, your City and ERMU staff, and I have worked closely with our League underwriter to minimize cost increases again this year. We have also prepared some options for your consideration, and will be prepared to discuss them with the Council either at your October 17tli meeting, or in workshop, if you prefer. We feel this year's renewal proposal is very reasonably priced, and the City's coverages have all been carefully reviewed for accuracy and appropriateness. The Premium Comparison page included with this letter provides a 5-year history ofthe City's LMCIT pricing. The City's property values have more than doubled in the past 5 years, and although premium costs have increased, they have not doubled. This year's bottom-line cost increase over last year is 3.7%. I believe this is reasonable, and, in fact, expected to see more. Lori and I feel confident in making our recommendations to you, and agree the League has done an excellent job with the City of Elk River's renewal this year. I would also like to take this opportunity to tell you it's been a pleasure to work with your City's fine staff. They are professional, well organized and responsible people. This task of properly insuring a diverse and growing operation like the City of Elk River is not a simple one, but Lori and other City and Utilities employees are thorough and efficient. I appreciate working with them. We feel it is important to bring several additional points to your attention. The following notes are brief comments on each of these points. We also offer several options for your consideration again. Lori and I will be available for any other questions you may have about these matters. 1) 2005 LMCIT Rates - Rate changes have once again been modest under the League's self-insured program. Changes are related to claims costs. The changes in most lines are very minimal, or have minimal impact on the City's premium costs. The most significant changes are in Municipal Liability rates, which have decreased 7%, while Workers Compensation rates have increased by 7%. I have enclosed a League memo explaining the changes for 2005. This memo also provides some discussion on the League's dividend plan for member cities. 2) The City of Elk River received a dividend in the amount of $ 44,207 in December 2004. 3) Last year, the City's loss experience rating factor was impacted by several land use claims. These claims served to reduce the favorable credit the City had previously received. One of these claims has fallen out of the "experience period" but has unfortunately been replaced by another. In spite of this, the City's overall claims experience has been very solid. The City's careful attention to loss control and risk management strategies appears to be resulting in a reduced frequency of claims. Severity, or the cost, of claims is critical too, but repeated incidents, or "frequency" is of greater concern. It will be important to continue your emphasis on overall safety and management of risk. It will payoff in terms of expense reduction, as well as employee and public safety. 4) Westbound Liquor appears on the LMCIT renewal's property list as a construction site. Since it has just opened this month, the coverage changes and corresponding premium costs are not included in the Premium Comparison enclosed. Fixtures and inventory are being added, and liquor liability for the Westbound sales will also be added on a pro-rated basis. I expect these charges to be between $2,800 and $3,000 additional for the remainder of this policy period. 5) Workers Compensation coverage, although not shown on the comparison, has just renewed at a total deposit premium of$ 142,708. The League's Workers Compo Program provides an automatic renewal based on projected payrolls. This year's Experience Modifier came in at .80, a slight reduction from .81 last year. This modifier is another good indicator of attention to safety. A factor under "1.0", means generally better than average loss experience; and also results in a rating credit - 20% for this year, so that's excellent! 6) An optional quote for Excess Liability coverage has again been secured. At $1,000,000 limits, the additional cost would be $52,505. At a $2,000,000 limit, the annual additional cost would be $ 78,759. The City has decided against the purchase of excess limits in the past, relying on the statutory municipal tort liability limits. The City has elected the League's waiver option, and generally has a total of$I,OOO,OOO available for anyone "occurrence". There are some special exceptions, and in some cases, separate limits for special types of losses, but in general, the figure to remember is $1,000,000. The League has very recently released a memo regarding liability under joint powers agreements. A recent court case resulted in a new principle with regard to "joint ventures". A copy of the League's memo is enclosed for your review. In light of this recent Court of Appeals ruling, and the wisdom of a periodic review of the City's policy with regard to municipal liability limits and exposures, it may be time to conduct a workshop to either re-affirm, or change, the City's decision on the purchase of liability limits. This is a policy decision and LMCIT requires city council to make these choices.. Lori and I will be happy to complete any research you may wish to see, and can discuss pros and cons with the Council. 7) For the Council's information, there will likely be some changes made to the current property coverage limits for the Utilities' older generation equipment. The League is in the process of evaluating the Utilities' current equipment and will likely soon arrange a meeting with Utilities' management to discuss options available for replacement of older equipment with newer technology. The "replacement cost" coverage LMCIT provides for electric utility equipment differs from the coverage provided for other municipal property. It allows for the use of used parts and materials to repair or replace damaged utility property. This is a cost containment measure to some degree, and in some cases, new parts may no longer be available. An "Agreed Amount" approach may be appropriate. This method of valuation could allow for insuring the cost of constructing the needed generating capacity, rather than at true "replacement cost". This method of insuring assets requires a very careful, and very technical calculation of the amount of coverage to purchase. This is where the League's expertise provides assistance. This discussion is not yet complete, but we will keep the Council informed, if and when, changes are made to the coverage, as it will also have an impact on the cost. If the Council would like to have additional information at this time, we can prepare a packet of support information, or provide additional information in a workshop setting. There is no specific concern at this time, but we consider these potential changes and the discussion surrounding them to be necessary and important to the LMCIT coverage for the City and ERMU, and will be happy to provide whatever information the Council wishes. 8) The City changed to a $2,500 deductible last year, and made several other changes to its LMCIT coverage. We have again secured some additional deductible options for your review, and will be prepared to discuss them at your Council meeting. We have enclosed an "OPTIONS" document outlining these additional deductible choices. Since the change to $2,500 deductible was just made last year, and since the cost increase over last year is relatively modest, we do not recommend a change at this time. If the apparent reduction in frequency of claims continues, the Council may wish to consider a larger deductible with no aggregate (maximum), or an even larger per occurrence deductible with a large aggregate, such as option # 3, or # 5 at some future anniversary. The LMCIT No-Fault Sewer Back-Up coverage was declined last year. We did not seek a quote for this year's renewal, but coverage and pricing have not changed. The approximate cost to purchase the coverage would be $11,615. Although there has been one additional incident, it is still open and, if paid, will be under the current deductible. Last year's determination that this coverage option was not cost-effective has not changed. We continue to recommend a declination for this coverage option. If the Council has any other questions, I will be happy to address them at your meeting, with Staff, or at any other time convenient for you. Based on the continued stability and superior coverage offerings, I can recommend the Council pass a motion to accept the LMCIT renewal offer at $265,381, for the July 1,2005 to July 1,2006 coverage period. Thank you for placing your confidence in First National Insurance Agency and me. I appreciate the opportunity to work with, and for, the City of Elk River! Respectfully, Mary Eberley, CPCU Agent CITY OF ELK RIVER OPTIONS - 2005 DEDUCTIBLE OPTIONS 1) $5,000 Per Accident Equipment Breakdown - Save approx. $ 800 2) $5,000 Per Occurrence (except equipment breakdown) with no aggregate- Save approximately $15,225 3) $10,00 Per Occurrence (except equipment breakdown) with no aggregate- Save approx. $ 35,945 4) $ 10,000 Per Occurrence (except equipment breakdown) with $40,000 annual aggregate and $1,000 Maintenance - Save approx. $ 11,565 5) $ 15,000 Per Occurrence (except equipment breakdown with $50,000 annual aggregate and $1,000 maintenance - Save approx. $ 23,628 ~ V> N.... ;""'1,0 ,0 0'1 0' ~ S. ~ n N ..., . ~ = Pl = en * ~ '-' ~ V> !jN . Ul ....= ,0 ~ 0' Ul _. tH ::s 1,0 n ..., ~ Pl en ~ '-' @~ ~NV> JVNN ~~~ o n ~ oSlS ~.......... 0... _. * ~ ::s g.Q _.~ cr'Pl _en ~~ ~ w ~V> ~N - 0'1 ::s Ul n ~ ..., tH ~ CO ~ .... ~ '-' l-3 o l-3 > t"' 00 V> - \0 N ..... .... 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(") ~ ~ t""">- ~~ o:~ e 'i:le ~ -< en tIi ~ 0 en g;~ >- ...... en eo: 0 ~Ro ;j Jd UCi ~ ~ (1) :z ttl (1) tv ::::..... c~ ::l ...... 0 e ~ Vl '< (1) n ~ n (;) ~Ro >-3 ~ o n ~ t""" o' ::l q 8~ tI '" _. ~ ::l 2a tIi (1) Cl ~tI en n .g ~UCi ...... tIi otIi >-3 >-3 >6' (1) ~ ...... g; >-3::l "Ti~ ~ '-' ::l"~ _.~ >-en >-3 '" ...... en >-3 3 o' ~ ::ge tIi tIi en ~ ::l ~g; tI ~ '< (1) tI ~tI en (;l.g tIi >- '" _. ~~ t""" < ~'O >-3 tIi tIi ::;:,3 0 .0\ 0 en tI _.(1) ~ ~>-3 ~ tIi ::l a .N ;:39 n <: to LEAGUE OF MINNESOTA CITIES INSURANCE TRUST LIABILITY COVERAGE - WAIVER FORM Cities obtaining liability coverage from the League of Minnesota Cities Insurance Trust must decide whether or not to waive the statutory tort liability limits to the extent of the coverage purchased. The decision to waive or not to waive the statutory limits has the following effects: . If the city does not waive the statutory tort limits, an individual claimant would be able to recover no more than $300,OOO.on any claim to which the statutory tort limits apply. The total which all claimants would be able to recover for a single occurrence to which the statutory tort limits apply would be limited to $1,000,000. These statutory tort limits would apply regardless of whether or not the city purchases the optional excess liability coverage. . If the city waives the statutory tort limits and does not purchase excess liability coverage, a single claimant could potentially recover up to $1,000,000. on a single occurrence. The total which all claimants would be able to recover for a single occurrence to which the statutory tort limits apply would also be limited to $1,000,000., regardless of the number of claimants. . ffthe city waives the statutory tort limits and purchases excess liability coverage, a single claimant could potentially recover an amount up to the limit of the coverage purchased. The total which all claimants would be able to recover for a single occurrence to which the statutory tort limits apply would also be limited to the amount of coverage purchased, regardless of the number of claimants. Claims to which the statutory municipal tort limits do not apply are not affected by this decision. This decision must be made by the city council. Cities purchasing coverage must complete and return this form to LMCIT before the effective date of the coverage. For further information, contact LMCIT. You may also wish to discuss these issues with your city attorney. accepts liability coverage limits of $ Minnesota Cities Insurance Trust (LMCIT). from the League of Ch~ckone: 0'-. The city DOES NOT WAIVE the monetary limits on municipal tort liability established by Minnesota Statutes 466.04. o The city WAIVES the monetary limits on tort liability established by Minnesota Statutes 466.04, to the extent of the limits of the liability coverage obtained from LMCIT. Date of city council meeting . Signatur€!/Date' Position Return this completed form to LMen; 145 University Ave. ltV., St. Paul, MN. 55103-2044 LMCIT (1 I100)(Re\'.11/03) Page I of I · It's a disincentive to inter-local cooperation. In any inter-local cooperative effort that could be considered a ':ioint venture", the potential total liability exposure is apparently now equal to the stahltory tort limit times the number of participating political subdivisions. In other words, the total liability exposure that the cooperating political subdivisions must plan for and fimd is now significantly greater. · It creates uneven results for claimants. E.g.. if you have the misfortune to be run over by an Metro Transit bus, you could recover up to $300,000; if you're 11.111 over by a bus operated by a six-member joint po\vers entity, you could recover up to $ 1.8 million. · Although the court didn't define 'joint venture" precisely. one section of the opinion describes it as a "mutual undeltaking for a common purpose." This language is troubling because it's so broad. It seems pretty clear that any agreement that creates ajoint pO\vcrs entity - i.e., a joint board with the power to receive and expend funds, enter contracts, hire employees, or own property - will be considered a 'joint venhtre". But it's possible that other types of intergovernmental cooperative arrangements will be affected as well. Even providing assistance to a neighboring city under a mutual aid agreement arguably might constitute a "mutual undertaking for a common purpose," and therefore a 'joint venture" in which all the members are vicariously liable for each others' actions. · It increases the risk that ajoint powers entity's coverage limits could turn out not to be enough. When LMCIT issues coverage for a joint powers entity, that coverage protects all of the constituent political subdivisions as well for liability arising from the joint entity's activities. In htrn, coverage for the joint pO\vers entity's activities is excluded under the individual city's own coverage. The goal is to be able to provide a single unified defense for all of the parties, rather than having multiple attorneys defending each city separately. But because of the "limit stacking" implication of the court's ruling, there's now a greater risk that the joint entity's coverage limit might not be enough.) Coverage issues fOl' ,joint powers ngreements .1vIutual aid agreeme11ls. service contracts, and similarjoint pml'ers agreeme11ls The Reimer mling doesn' t create any new coverage issues for most joint powers agreements, including mutual aiel agreements, agreements under which a city purchases service from or provides service to another political subdivision, and so on. The ruling does increase the city's liability exposure under these contracts, since there's now a risk that a city could be held liable tor its partner's actions under the Reimer ruling's '~oint venture" theory. But the city's LMCIT liability coverage would cover the city's potential vicarious liability for another political subdivision's actions if this type of agreement were deemed by the court to be a "joint venture". I Of course, there's always some risk that the coverage limit will turn out to be inadequate, whether it's a joint powers situation or an individual city, because some claims aren't capped by the slannory limit. Federal civil rights claims are an example. :2 Since the city's vicarious liability is subject to the statutory limit just as the city's direct liability is, the city's existing covcrage limit should bc sufficient to cover thc city's exposure.2 One circumstance in which the court's ruling could create a coverage limits problcm with mutual aid and contract for scrvice agreements is if the agreement contains defcnsc and indcmnilication provisions. LMCrr generally recommends that mutual aid and contract for service agreements include provisions for the party in charge to defend and indemnity the other party. The goal is to eliminate contlicts among defendants and make it possible to present a single unified defense. But under the court's ruling, that could result in the city having to pay not only for its own liability up to the statutory limit. but also LO indenmify the other city for that city's vicarious liability. That could add up to more than the city's coverage limit. LMCIT's model mutual aid agreement incorporates "limited indcmnification" language that's designed to avoid creating this problem. The model agreement is available on the web at huo:i /www.lmnc.onuodfs/mulualaidmodel. pdf. Agreeme1lls crealillg a joi1ll powers ellIily As notcd earlier, any "joint powers entity" as defined in the LMCIT liability coverage is pretty clearly going to be considered to be a 'joint venture". Under the Reimer ruling. in a liability claim arising from the joint powers entity's activities the claimant or claimants potentially ean now apparently recover up to the statlltOlY liability limit ii-om each of the participating political subdivisions. The result is that the effective limits on liability arising Ii-om a joint powers entity's activitics arc now eqllal to $300.000 times the number of mcmbers for each claimant; and $1.000,000 times the nllmber of members for each occurrence. Esscntially. this stacking orvicarious liability represents another \-vay in which the liability exposure for a joint powers entity could tUIll Ollt to be greater than the basic $1,000.000 limit of coverage which UvlCIT provides. Of course, there are and always have been other ways in \vhich a city or ajoint powers entity could end up with liability exceeding its coverage limit- fedcral civil rights claims, contractually assllmcd liability. etc. Suggested strategies for cities For mutual aid llnd con/raelfor service joiJ1l powers agreemenls · I f the agreement includes defense and indemnification provisions, makc sure that those provisions limit the city's duty to indemnify to an amount no greater than its coverage limit. Suggested language can be found in the LMCJT model mutual aid agreement at http://W\V\V .IIllI1C .org/po fs/m lit ualai dmodel. pdf. ~ Provided, of course, Iha. Ihe claim is of a Iype that's subject \0 the statutory limit in the lil'Sl place; e.g., it's nol a civil righls claim, etc. 3 For agreements that create a ''joint powers entity" I. Consider incorporating the joint powers entity. M.S. 465.717, subd. 2. which was passed in 2000, authorizes any joint powers entity to incorporate itself as a Chapter 317 A non-profit corporation. On its face, this would seem to eliminate the member cities' vicarious liability exposure. since M.S. 317 AA07 specifies that members of a non-profit corporation are not liable for the corporation's acts or liabilities. \Ve'd caution though that there's been little experience with incorporating joint powers entities in this way. We don't know for sure ,,'hat a court might actually do with regard to liability of an incorporatedjoinl powers entity - e.g., whether and how governmental immunities and defenses would be available. etc. There may also be some disadvantages to being a non-profit corporation. such as additional reporting and filing requirements, and so on. Incorporating a joint powers entity as a non-profit corporation is stepping into ne\\' and untested legal ground, and cities considering it should weigh the potential advantages and disadvantages carefully with their legal counsel. 2. Consider carrying higher liability coverage limits. Obviously, the higher the joint powers entity's coverage limits, the more likely it is to be adequate. But regardless of what the coverage limit is. you can never be absolutely assured that it will be adequate. Even with a coverage limit equal to the number of members times $1.000.000, there's still the risk of claims that the statutory limits don't apply to. And with larger joint powers entities - those with ten or twenty or thirty members - carrying a coverage limit that high may not be practical or economical. For all cities · Support a legislatirefix. The League will be pursuing legislation to address this problem. City officials need to be talking with legislators about the problems and inequities the court's ruling creates. A key point to discuss with legislators is the disincentivc fix inter-local cooperation which this court ruling creates. A fin:lI comment The federal Eighth Circuit Court of Appeals' nJling in Reimer r. Crookston creates potential problems for cities. Given the potential seriousness of those problems. cities should consider adopting the strategies outlined above. Howeycr, it's important also to keep in mind that this ruling is not necessarily the final word on the issue. Two points to be aware of: · We have petitioned the Eighth Circuit COllrl to reconsider its ruling, in light of the ruling's potentially far-reaching consequences. We don't yet know when the court will decide if they'lI rehear the case. 4 · This interpretation of state law by the federal court is not necessarily a binding precedent for the state courts, though it will certainly have some persuasive weight. If these issues should arise in n case in state court, we'd expect to litigate thcm vigorously through the state appellate COllrtS. Questions, Cllllllllcnts, 01" suggestions'! If you have questions, comments, or suggestions about this, please contact any of thc following: Pete Tritz, LMCIT Administrator - 651-281-1265; otritz@lmnc.org Bill Everett, LMCIT Associate Administrator - 651-281-1216: beverett(@,lnUlc.org. Tom Grundhoefer, Gcneral Counsel - 651-281-1266; tgrundhoui::lmnc.org Ellen Longfellow, Loss Control Attorney - 651-281-1269. elonefel@Imnc.org PST - 9/27/05 5