Township Insurance
Insurance for each specific township can help to cover the costs of damages caused by the municipality, as well as the costs of legal settlements or judgments against the municipality. It can also help to cover the costs of legal fees associated with defending the municipality in court. In addition, this insurance can provide coverage for any property damage caused by the municipality. Township insurance is an important part of risk management for any municipality.
Township Insurance
Townships offices are in buildings belonging to the township. The township operates from this location, which also offers facilities for public and political meetings. Townships have a mayor as the overall leader, who appoints a council that manages the township.
Some of the services townships offer the residents include issuing of business permits and licenses, road and public spaces maintenance, protection services of police, fire and ambulance, etc.
Township insurance protects the operations and property against damage and lawsuits.
Cost of Insurance for a Township
The average cost of general liability insurance for a township varies depending on the size, location, services offered, the number of employees, revenue, claims history, etc.
Do Townships need Insurance?
The various responsibilities that fall under the township jurisdiction mean that the risks associated are just as high. Some of these risks include
- Cyber attacks that could compromise employee and residents personal information
- Alleged errors and omissions, and misinterpretations
- Legal issues that fall under the police force, with cases of discrimination or false arrests
- Employee practices leading to lawsuits, for example, the hostile working environment of wrongful termination, etc
Types of Insurance for a Township
A township is a large entity that requires proper coverage. Some insurances policies include
General Liability
This Insurance protects the township from property damage and third-party injuries that fall under the township’s geographical location. Some injuries are a result of poor maintenance of public spaces. For example, a pothole on the road can cause a severe accident.
Errors and Omissions
The policy covers the township against errors caused through misleading information issued by the township.
Cyber and Data Breach
If the township becomes a target of a cyber-attack and information leaks, this policy covers the lawsuits that may arise.
Employment Liabilities Practices
The policy pays for legal costs and settlements arising from lawsuits involving employees. Some of the practices include unfair promotion practices, wrongful termination, sexual harassment, invasion of privacy, etc.
Law enforcement Liability
The policy covers the costs associated with defending the police force against violations to the public.
A township policy coverage has limits that depend on the coverage offered.