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HomeMy WebLinkAboutMMIA Risk Management Bulletin MMIA Montana Municipal Insurance Authority PO Box 6669 Helena, MT 59604-6669 Please distribute to all appropriate personnel and post in a conspicuous place. DATE: January 5, 2004 R.M. Bulletin #10-03 . .c~-~; TO: All Members of MMIA Liability Insurance Program ~ FROM: John D. Craig - Property Program Manager/fi. sst. Risk Manager Montana Municipal Insurance Authority RE: Acquiring, Leasing or Sub-leasing Railroad Properties We have recently received several questions relating to the liability exposure and insurance coverage associated with the municipal acquisition of properties on railroad rights of way. As with any contractual obligation, the 'key' is to proceed with caution. Railroad properties are different in that the site or ground is usually owned in fee by the railroad. Seldom will the railroad give or sell their fee interests to another party. They opt instead for a direct lease arrangement or r~tam approval of any sublease. In these lease and sub-lease agreements the rallro~,d strives for (to the point of insistence) an indemnity clause that requ/res the lessee to protect, defend~ and hold harmless the railroad from any legal or liability challenge. It may also include language to be construed as requiring the lessee to protect the railroad even if the ca, use or 'event' was the result of railroad negligence. MMIA's liability coverage addresses this issue quite simply. The Municipality cannot, extend coverage by contract or agreement to a tl~ird party. The railroad eanuot be covered by your liabili~ insurance poliny as an 'additional insured', for liability damages nor can they be defended in a law suit. These exclusions are referenced in Section IX Exclusions Paragraph 32 of the Inly 1, 2002 - Memorandum of Liability Coverage. Additional concerns with raikoad properties could be environmental clean up. Property damage and associated liability coverage for spills and disbursement of hazardous materials is excluded by the policy (Section IX Paragraphs 2 & 3). If you inherit, through lease or purchase, liabilities for environmental damages, you will be lef~ alone to defend and mitigate the problem at your expense. Wh~le these may appear to be huge pitfalls to a railroad transaction, they must be weighed against the positive potentials of a project. Remember the time to resolve conflict is in contract negotiation and not in the insurance claims process. Investigate, research, and negotiate with caution. For more information about what is or is not covered by your inaurma~, p~as~u??~ your Memorandum of Liability Coverage end your policies, ur give M/v-~--)a ~ll.(~Ve~a~ t~ help you deal proaetively not reactively! Phone (800) 635-3089 ~ [ 7.2004 r'l'r¥ C~ I Al IRVI This n~w~l~ttor i~ published a~ ~ ~r~ie~ to our rn~mbor~. Tho ar~i¢lo$ mm not a SUbstituto ~or Iho Momomndum ~'~ ~!e-~!!!t7 Co~omflo ~, ~.1,~ documont~. ^11 ~ovsmg~ dotormination$ ~r~ rn~do on a ca$o-b~-$a$o b~$i$, *nd san only b~ visw~d on tho uniquo f~ct$ of th~ claim