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• If the city waives the statutory tort limits and purchases excess liability coverage, a single <br /> claimant could potentially recover an amount up to the limit of the coverage purchased. The <br /> total which all claimants would be able to recover for a single occurrence to which the <br /> statutory tort limits apply would also be limited to the amount of coverage purchased, <br /> regardless of the number of claimants. <br /> Sub - limits and aggregate limits <br /> Besides the general coverage limit of $750,000, the LMCIT liability coverage includes some <br /> sub - limits and/or annual aggregate limits on liability coverage for certain specific exposures. <br /> Exposure Per occurrence limit Annual aggregate limit <br /> Products and Completed operations $750,000 $750,000 <br /> Failure to supply utilities $750,000 $750,000 <br /> Electromagnetic fields $750,000 $1,500,000 <br /> Fire damage liability $50,000 - <br /> Limited pollution * $750,000 $750,000 <br /> Lead or asbestos * $200,000 $200,000 <br /> Land use and development litigation * $1,000,000 $1,000,000 <br /> * Legal defense costs and loss adjustment costs are included within the coverage limit <br /> for these exposures. <br /> The optional "medical payments" coverage, which provides "no- fault" coverage for medical costs <br /> for injuries that occur on city premises, has limits of $1000 /claimant and $10,000 /occurrence. <br /> The optional excess liability coverage <br /> Each city should regularly review and consider whether it makes sense to carry excess liability <br /> coverage for added protection on claims to which the statutory limits don't apply. The LMCIT <br /> memo on excess liability coverage discusses various reasons to consider carrying excess liability <br /> coverage. Call LMCIT for a copy of that memo if you don't have it. <br /> Questions? <br /> As always, feel free to all your underwriter or Pete Tritz or Tom Grundhoefer if you have <br /> questions. <br /> PST- 1/13/98 <br />