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Ask Mr. Answer Person: "Does the City of Decorah carry an insurance policy to cover "errors and omissions"?

Posted: Thu, Aug 25, 2011 3:22 PM
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Chris e-mails Mr. Answer Person: "Does the City of Decorah carry an insurance policy to cover "errors and omissions"?  If not, why??  That may have been the answer to recovering the SSMID funds."

Mr. Answer Person says: What a great question!  In fact, because of your question, Chris, City of Decorah officials have checked with the city's insurance carrier.  That company is now checking on whether failing to file an ordinance with the State of Iowa, meaning $15,000 in taxes did not get collected, constitutes a covered incident under the policy.

Stay tuned!

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