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clahn against, the city. The LICIT memo "L IT liability coverage options liability limits* coverage limits, and waivers' discusses this in more detail. 5. Make nre you're not purging necessary t �spec " liability policies. We don't see this very often any more, but there could still be instances where cities are purling specialty insure" policies from private insurance companies for risks that the city "s IMCIT liability coverage already covers. If your city is buying any of the fofiowing as a separate policy, you shoWd carefully review why you "re doing so: police liability, employment practices liability, employee benefit liability, &efighters professional liability, public officials liability (sometimes called "errors and omissions "), fiduciary liability for relief associations, or ambulance professional liability. 6. Make sure you're not buying duplicate bond coverage. The LM IT bond coverage is designed to meet all of the city" s needs for bond coverage on public officials. If your city has the LM IT faithfal performance bond eovemge, you don "t need also to pure separate bonds to meet the statutory requirements for the city clerk and treasurer, the relief association treasurer, etc. If you're covering an EDA or port authority, the LICIT bond can be used to meet the requirements for the EDA or port authority treasurer's bond as weU. It also covers the gambling manager for relief associations that are operating charitable gambling. 7. Drop physical damage coverage an older law -value vehicles. LIIT automatically provides physical damage coverage on all city vehicles unless the city specifically opts not to cover specific vehicles. If you have some older, relatively love -value vehicles that are not critical to the city's operations, you could consider deleting them from the physical damage coverage. 8. Drag the optional -fault sewer back -up coverage. The optional no -facet surer back,-up coverage reimburses homeowners for damages caused by suer back -up irrespective of whether the city was negligent and legally liable. while many cities feel this is a valuable added benefit for citizens, it could be an option to consider eliminating dun tine g tight budget s* The cast is 8.5% of the liability premium. 9. Rented buildings. When the city leases a city -owned building to a private party, the lease agreement may require the renter to insure the building. We wzasiou►ally see situations where the city nevertheless also schedules the building under the city7s propel coverage as well, in order protect the city in case of any problem with the tenant's insurance. If you have a building leased out and the tenant is insuring it, if you have assurance that the tenant has the needed ftisumee and that that insurance protects the city's interest, you could drop that building from the city's coverage. (Of course, you }d have to make surc to remember to add it back if the lease were or the tenant lost his coverage, etc.) One obvious idea for reducing premiums is to reduce coverage limits; e.g., dropping the optional excess liability coverage; reducing the bond limit; reducing the liquor liability �I