MEMBER BENEFITS

MEMBER BENEFITS

· The TML Pool was created as a non-profit entity in 1979 because there was no viable commercial municipal insurance market in Tennessee. The TML Pool Board of Directors consists of mayors and city managers from across the State of Tennessee.

· The TML Pool now provides liability, workers compensation and/or property coverages to more than 85% of the municipalities in Tennessee. Municipalities may purchase insurance coverages from the TML Pool without bidding (TCA 29-20-407).

· The TML Pool provides coverages in accordance with the Tennessee Governmental Tort Liability Act and lobbies to maintain reasonable tort limits, as well as other important legislative checks and balances, to insure future municipal insurance market stability.

· Using recognized industry experts to provide reinsurance, actuarial and audit services, the TML Pool has achieved recognition as a financially sound, professionally managed organization.

· The TML Pool has a continued tradition of providing the best possible services and coverages to municipalities at a stable and affordable cost. Also, the Pool continues to return annual dividends to its members.

· The TML Pool develops base rates based on combined experience of all Pool members. The rates of individual members are developed using each municipal entity’s own experience modification, developed from loss information for the past three years, and each entity’s own schedule modification, developed from safety and loss control efforts.

· The TML Pool has knowledgeable loss control consultants in each grand division of the state providing annual surveys, on-site and regional training, and recommendations to enhance member’s risk management efforts.

· The TML Pool provides legal assistance and consultation to members to reduce the possibility of lawsuits and/or claims. Also, the Pool provides a statewide defense network experienced in court decisions and/or legal opinions affecting municipal entities.

· The TML Pool provides competent claims staff knowledgeable of Tennessee Tort Liability concepts and the specific types of claims normally made against municipal entities.