Members enjoy the benefits of cost-effective group purchase insurance programs that address the essential areas
of risk experienced by municipalities throughout the state:
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$5 million in limits, each and every covered occurrence, annual aggregate of 4 times the members self-insured retention. |
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Customized Municipal Liability coverage form. |
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Self-Insured Retention options, starting as low as $10,000 per occurrence. |
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Three-year, guaranteed-cost plan. |
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Rates set by actuary. |
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Realistic rates supported by capitalization. |
| Public Entity Excess Liability Program |
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For those municipalities wanting higher limits, this program provides excess liability of $5 million above the $5 million offered by CVMIC. |
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Allows participants to take advantage of group-purchase structure and enjoy low cost effective rates not available individually. |
| Primary and Excess Workers' Compensation Programs |
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Provides extremely low group-purchase rates, so members save money over individual purchase plans. |
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Leads the industry in dividend programs. Depending on group performance, members can reap large rewards for good experience. (Primary program only). |
| Automobile Physical Damage Program |
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"Replacement Cost" valuation applies to most scheduled vehicles, mobile equipment or specialized equipment. Members can issue eligible items at rates competitive with the Local Government Property Insurance Fund. |
| Boiler & Machinery Program |
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Offers a $50 million per accident limit, and allows members to select individual deductibles. |
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Allows participants to take advantage of a group-purchase structure and low, cost-effective rates not available on an individual basis. |
| Special Events Liability Program (TULIP) |
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Low cost, convenient, short-term coverage designed specifically for purchase by tenants and users of the city-owned/operated facilities. Protects both sponsors and CVMIC members during concerts, weddings, parades, etc. |
| Employment Practices Liability Insurance Program |
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Offers coverage under one master policy, limits of $1 million per member with deductible options. |
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Participants receive attractive pricing, broad coverage terms and risk management services. |
