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• <br /> Buying excess liability coverage while under the "waiver" option does not protect the City any <br /> better. The additional benefit is the injured party, not the City. <br /> Costs and Funding: The expenditures for insurance premiums are charged in the Risk <br /> Management Internal Service Fund. The Risk Management Fund in turn charges the <br /> various operations of the City for their appropriate share. The General Fund pays the <br /> majority of the Risk Management charges. Therefore the General Fund would carry the <br /> majority of the additional burden from increased insurance. <br /> Dan Maiers <br /> Director of Finance <br />