the municipal secretary desktop reference manual - Southwestern ...

I. BOILER AND MACHINERY -- specialized coverage for damage caused by explosion of
steam, hot water boilers, heaters, air compressors and other pressure vessels. Usually includes
inspections by insurer. It is important to follow recommendations resulting from inspectors
regarding this coverage.
J. INLAND MARINE -- covers portable and mobile equipment and property located away from
an insured premises and not covered under other insurance.
1. Graders
2. Bulldozers
3. Tar buckets
4. Hand held radios
5. Weapons
6. Tools
7. Equipment in tow
8. Photo equipment
NOTE: Often times heavy equipment is covered on this policy and is also found on
the automobile policy. This duplication should be corrected.
K. UMBRELLA EXCESS LIABILITY -- used to provide excess coverage over and above
limits set in underlying liability policies.
1. Same provisions apply as in underlying policies
2. Usual limits are one million dollars but can be higher
3. Deductibles are usually higher ($10,000+)
4. Often called catastrophic insurance
L. PITFALLS
1. Named Insured
a. Should include volunteers acting on behalf of a municipality, all boards/
commissions, elected and appointed officials.
b. There is usually no cost associated with adding these as named insured.
XIV-14