MCIT's Workers’ Compensation Division premiered in 1979. With the success of this program, MCIT introduced the Property/Casualty Division in 1985. Members of MCIT typically participate in both divisions of the Trust.
Activities performed for the successful operation of the divisions include, but are not limited to:
- Underwriting and Rating
- Reinsurance
- Claims Administration
Property/Casualty Division
Tailored to meet the unique exposures of its members, MCIT provides unparalleled coverage. Members are required to purchase coverage for all property/casualty exposures. MCIT’s coverage limits mirror the state tort caps for claims to which M.S. 466 applies. MCIT provides $2 Million per occurrence for claims that are not subject to M.S. 466.
Property Coverage:
- Buildings, Contents, Property in the Open
- Extra Expense
- Equipment Breakdown (a.k.a. Boiler and Machinery)
Inland Marine:
- Contractor’s Equipment
- Electronic Data Processing
- Miscellaneous Personal Property
- Valuable Papers and Records
- Theft, Disappearance and Destruction of Money and Securities
Liability:
Comprehensive General Liability and Public Officials Liability including Police Professional Liability
- Bodily Injury and Property Damage Liability
- Personal and Advertising Injury Liability
- Medical Payments
- Public Officials Liability
- Employee Benefits Liability
Bonds:
- Employee Dishonesty
- Faithful Performance of Duty
Workers’ Compensation Division
Minnesota Statute 176 provides guidance on claims submitted by employees of MCIT members that have sustained work related injuries and illnesses.
- Workers’ Compensation
- Employer’s Liability
