Three Types of Insurance Municipalities Need to Have

Public sector officials face risk and loss exposures on a daily basis. That means not only do they need to manage fiscal policy and debt, but they also have to keep their residents safe and provide an investment in education. Such cities and townships would be wise to consult with an Ansay & Associates advisor to help them understand the intricacies and options available in municipality insurance programs. 

To get started, here are a few of the policies that should be considered: 

General Liability: This type of coverage protects a municipality against bodily harm and property damages arising from all locations and operations under that entities jurisdiction. These injuries occur largely due to poorly maintained roads and sidewalks, natural disasters, or construction activities. 

Employment Practices: This type of coverage provides protection against employee claims of discrimination, harassment, wrongful termination or hiring, libel, slander, defamations, breach of contract, and more.  

Crime Insurance: It’s important for municipalities to be engaged in preventing crime. That includes insuring against potential losses due to criminal behavior. It’s also important to ensure that businesses go through the proper background checks and are properly screened. That includes city employers and employees. 

These are just a few of the basic coverages. Learn more by visiting www.ansay.com or calling 1-888-262-6729 to speak with your Ansay & Associates advisor.