Risks are nothing new for the public sector. From managing fiscal responsibilities and planning a budget to ensuring their residents are protected, there is no shortage of liability for these professionals. While a comprehensive Municipality Insurance Program can help to curb these risks and financial obligations for these cities and towns, it’s important to understand the components of such policies.
City officials must realize the municipal laws that they are in charge of; this includes property liability, zoning laws, crime insurance risks, law enforcement liability, cyber risks, educators’ legal liability, and more to fully comprehend the securities that municipality insurance provides.
General Liability
This broad coverage protects against any bodily injury or property damage claims that occur in any municipal entity. This can stem from uneven sidewalks and roads, construction zones, and even as a result of natural disasters.
Employment Practices Liability
This coverage is essential and provides municipalities protection against claims from employees including alleged discrimination, wrongful termination, harassment, retaliation, unfair discipline, wrongful hiring, supervision, demotion, failure to promote, misrepresentation, defamation, libel, slander, disparagement or invasion of privacy, and breach of implied contract.
Crime Protection
Background checks and proper screening practices can help minimize crime activity for municipalities. Hiring legitimate employees can reduce the risks of fraud, tax evasion, and other criminal activities, so these entities must be proactive against reducing crime. However, this coverage protects against potential losses.
The above mentioned coverages are just a basic outline of what a comprehensive municipality insurance program provides. At Aegis General Insurance Agency, through one of our divisions, Allied Public Risk, our municipality insurance package also includes: property insurance, inland marine coverage, auto liability and physical damage coverage, cyber liability, educators’ legal liability, public officials’ liability, law enforcement liability, and umbrella liability. For more information about these products and services, please contact Aegis General today at 855.399.0966.
K2 Insurance Services, LLC was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM.