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Home My WebLink AboutR-2024-058 Approving Purchase of Workers' Compensation, Property, and Liability Coverage through MIRMA RESOLUTION NO. R-2024-058 A RESOLUTION APPROVING THE PURCHASE OF WORKERS' COMPENSATION, PROPERTY, AND LIABILITY COVERAGE. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI AS FOLLOWS: THAT the acquisition of workers' compensation, property, and liability coverage for the period beginning July 1, 2024, from MIRMA in accordance with the attached proposal is hereby approved and authorized; and FURTHER THAT an assessment for the upcoming coverage year, July 1, 2024 through June 30, 2025, in the amount of $618,550 is approved and authorized; and FURTHER THAT the Mayor, the City Administrator, and other appropriate City officials are hereby authorized to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Resolution and to execute and deliver for and on behalf of the City all certificates, instruments, agreements, and other documents, as may be necessary or convenient to perform all matters herein authorized. PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri, the 4th day of June, 2024. /s/ Kathleen L. Rose Mayor Kathleen L. Rose ATTEST: /s/ Robin Kincaid Robin Kincaid, City Clerk MIRMA Missouri Intergovernmental Risk Management Association 3002 Falling L.eaf Court, Columbia, Missouri 65201 Phone: (573) 817-2554 Fax: (573) 441-0515 www.mirma.org Missouri's Municipal Trust MISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION MEMBERSHIP CONTRACT Effective July 1, 2024, The City of Riverside. Missouri does hereby bind itself contractually for an indefinite term to the Missouri Intergovernmental Risk Management Association thereby accepting and adopting its Revised Articles of Association, Articles I through VIII, and any current or subsequent amendments and its Revised By -Laws, Sections I through XVIII and any current or subsequent amendments and does hereby agree to abide by said Articles and By -Laws accepting all rights. privileges, and obligations therein contained as a condition of membership in said Association. It is therefore agreed and understood that the Missouri intergovernmental Risk Management Association does hereby extend all rights and privileges of membership to The City of Riverside to become effective on July 1, 2024, and shall fulfill all obligations of the Association. as set forth in the Articles of Association and By -Laws and their amendments. The payment of consideration for membership during FY2025, to be made by The City of Riverside shall be in the amount of $618,550. Each year thereafter consideration shall he established in accordance with provisions contained in the above noted Articles of Association and By -Laws, and any subsequent amendments. As a condition of membership, the City of Riverside hereby agrees to permit and require an official or employee of The City of Riverside to attend the Association's Annual Meeting to be held at the Lake of the Ozarks, July 24, 2024 through July 26, 2024. This contract is binding upon The City of Riverside as of the date of signing and is a condition of membership. for membership to become effective July l ,2024. This agreement is hereby executed this 4th day of June, 2024 by the parties hereto as follows: Missouri Intergovernmental Risk The City of Riverside By: /s/ Matt Zahn Management Association Executive Director The City of Riverside By: /s/ Kathleen L. Rose Title: Mayor Witness: /s/ Robin Kincaid Title: City Clerk Riverside Coverage Comparison 5.142024 MIRMA General Liability $4,500,000 Limit for Federal & out of State Lawsuits $3,370,137 when MO's Sovereign immunity applies $3,000,000 Limit all others $0 Deductible General Liability $0 Deductible Law enforcement Liability $0 Deductible Sewer Liability $6,5000,000 Liabilty annual aggregate Public officials' liability/E&O Expiring General Liability $3,370,137 when MO's Sovereign immunity applies $5,000,000 Limit all others $10,000 General Liability Deductible $5,000 Law Enforcement Liability Deductible $10,000 Sewer Liability Deductible $6,000,000 Liabilty annual aggregate Public officials' liability/UM) MIRMA General Liability $4,500,000 Limit for Federal Lawsuits $3,370,137 when MO's Sovereign immunity applies $3,000,000 Limit all others $0 Deductible E&O $0 Deductible Employee Benefits Injunctive Relief - non -monetary damages $10,000/$25,000 defense only Employment Practices Liability Expiring General Liability $3,370,137 when MO's Sovereign immunity applies $5,000,000 Limit all others $10,000 E&O Deductible $10,000 Employee Benefits Deductible Injunctive Relief: non-monetary damages - not included? Employment Practices Liability MIRMA General Liability $1,000,000 Limit $10,000 deductible with a $5,000 credit for using included HR-1Call Deductible doesn't apply to sucessfully defended claims Sexual Abuse and Molestation Liability Expiring General Liability $5,000,000 Limit $10,000 deductible Sexual Abuse and Molestation Liability MIRMA General Liability $1,000,000 Limit $10,000 deductible, doesn't apply to successfully defended claims $50,000 Defense only coverage for the Employee Workers' Compensation Expiring General Liability Exclusion 3.52 pg 13 Workers' Compensation MIRMA General Liability Included Statutory Benefits $2,000,000 Employers Liability Property Expiring General Liability Included Statutory Benefits Employers Liability Property Replacement Cost coverage ($100,000,000 shared limit) 110% of scheduled amount $1,000 deductible per occurrence $1,000 wind and hail deductible Heavy equipment (contractors or mobile equipment) Expiring General Liability Replacement Cost coverage ($500,000,000 shared limit) Scheduled amount $5,000 deductible per occurrence $5,000 wind and hail deductibe Heavy equipment (contractors or mobile equipment) Included Actual Cash $1,000 deductible Equipment Breakdown Expiring General Liability Value coverage included Actual Cash Value coverage $2,500 Deductible Equipment Breakdown Included ($100,000,000 shared limit) $1,000 deductible Earthquake Included ($100,000,000 shared limit) $2,500 Deductible Earthquake Replacement cost coverage ($75,000,000 shared limit) 110% of scheduled amount ($5,000,000 sublimit per member) $1,000 deductible per occurrence Flood Replacement cost coverage ($25,000,000 shared limit) per schedule $5,000 deductible per occurrence Flood Replacement Cost coverage 110% of scheduled amount ($100,000,000 shared limit) $1,000 deductible outside of zone A Excess of NFIP or $50,000 deductible in zone A ($10,000,000 Limit) Auto inlcuded per schedule ($25,000,000 shared limit) $1,000 deductible outside of zone A deductible in zone A ($10,000,000 Limit) Auto Liability limits $4,500,000 $0 Deductible Liability limits $5,000,000 $2,500 Deductible Physical Damage - per occurrence Physical Damage - per vehicle $1,000 Collision & Comp deduct. vehicles <=3/4ton $2,500 Collision & Comp deduct. vehicles >3/4 ton Crime & Employee Dishonesty $1,000 Collision & Comp deduct. All vehicles Crime & Employee Dishonesty $100,000 per occurrence $0 deductible Cyber & Privacy Liability $1,000,000 Limit / Theft, Disappearance and Destruction $2,500 Deductible Cyber & Privacy Liability Not Included training and phishing testing are UAS (Drones) Physical Damage included Not Included UAS (Drones) Physical Damage Included Actual Cash $1,000 deductible Non -owned UAS (Drones) Liabllty Value coverage Not Included Non -owned UAS (Drones) Llabllty $1,000,000 per occurrence $0 deductible Services Not lncluded Services Grant program, 75% funding on dash & body cameras, etc. Police Accreditation Reimbursement Aquatic Audit Reimbursement MOLTAP Safety Training Reimbursement Onsite loss control services Human Resources Attomey Helpline Online Police Training Onsite Judgmental Firearms Training Onsite Safety Training Onsite thermal imaging Cyber Training & Phishing Testing Non-auditable ??? ??? ??? ??? ??? ??? ??? Not provided ??? ??? ??? Auditable All the above provided by MIRMA, Missourl's original non-profit municipal self insurance pool— MPR 'a $5.000 deductible will be applicable to law enforcement excessive force claims, pursuit and emergency dnwng claims. however the deductible is waived if the member proAdes video footage of the incident Dash earns, body cams and police station seounty cameras are avaibbb through MIRMA's grant program Airport Si Drone Liability is a group purchase included with membership