city-of-shorewood-city-council-meeting-agenda-october-14-2025_7a6.pdf
Shorewood Maintains LMCIT Liability Coverage Status Quo
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Description
The City of Shorewood plans to maintain its current liability insurance arrangement with the League of Minnesota Cities Insurance Trust for 2026, choosing not to waive statutory tort limits and not to purchase excess liability coverage. This action keeps the existing municipal tort liability limits in place under Minnesota Statute 466.04.
Contract Details
Vendor
LEAGUE OF MINNESOTA CITIES INSURANCE TRUST LMCIT
Agency
City of Shorewood, MN
Contract Type
INSURANCE
Document Date
October 14, 2025
Contract Term
2026 policy year
Renewal Date
2026-12-31
Renewal Info
Annual municipal liability insurance decision required by LMCIT; for 2026 the City intends to retain existing coverage without excess liability and without waiving statutory tort limits. Future years will require similar annual waiver decisions.
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