Coverage Enhancements Approved by TAC Board

 

 

The Texas Association of Counties Risk Management Pool (TAC RMP) Board has approved several coverage enhancements that benefit TAC RMP members in the Property, Public Officials, Law Enforcement and General Liability programs. 

The enhancements to the Property Program went into effect July 1. Enhancements to Public Officials’, Law Enforcement and General Liability programs go into effect Oct. 1, 2017.

“These enhancements provide counties better coverage and are specific to our needs,” said Raymie Kana, TAC RMP Board Chair and Colorado County Auditor.

Here’s a summary of the coverage enhancements approved during the Board’s January and May meetings:

Property Program​

• Flood: The coverage limit was increased from $5 million to $10 million annual aggregate. For properties located in a Special Hazard Zone, the limit was increased from $1 million to $2.5 million annual aggregate.

• Property in the Course of Construction: The coverage limit was increased from $2.5 million to $5 million.

• Equipment Breakdown: The coverage limit was increased from $25 million to $50 million.

• Fine Arts: Coverage for murals was added.

• Golf Course Greens and Tees: Coverage was provided for specified perils with a $1 million sublimit for golf course greens and tees.

• Automatic Coverage (Newly Acquired): The coverage limit increased from $2.5 million to $5 million annual aggregate. A 30-day time limit was established for automatic coverage on newly acquired mobile equipment.

• Earthquake: The coverage limit was increased from $5 million to $10 million annual aggregate. The time period for continuous earthquakes was broadened from 72 hours to 168 hours.

Public Officials Liability Program

• Punitive damages were incorporated into the main limit of liability. The sublimit was removed. The additional punitive damage endorsement was retired.

• Coverage was expanded for a criminal and malicious act or omission to include defense for the “Named Member” or any “Member” not identified as the perpetrator, provided that the named member did not have knowledge or consent to the malicious or criminal act or omission.

• Coverage was expanded for Cyber Liability and Expense Coverage. The limit of liability was increased from $1 million to $2 million annual aggregate. Cyber Liability Coverage was renamed Privacy or Security Event Liability and Expense Coverage. It now includes coverage from non-cyber type events, such as if a member accidentally throws protected information in the garbage. This coverage was also expanded to include PCI-DSS assessments (Payment Card Industry Data Security Standard). This name change was also updated within the cyber exclusion in all other liability coverage documents to remain consistent.

Law Enforcement Liability Program

• Punitive damages were incorporated in the main limit of liability. The coverage has no sublimit and the additional punitive damage endorsement was retired.

• Coverage was expanded for fraud or dishonesty or malicious or criminal act or omission to include defense for the Named Member or any Member not identified as the perpetrator provided that the Named Member did not have knowledge or consent to the malicious or criminal act or omission.

General Liability Program

• The endorsement for Law Enforcement Watercraft was incorporated into the coverage document. It is now an automatic coverage for all members.

 

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