(A) The village may use public funds to secure insurance with respect to its and its employees' potential liability in damages in civil actions for injury, death, or loss to persons or property allegedly caused by an act or omission of the village or any of its employees in connection with a governmental or proprietary function in accordance with R.C. § 2744.08.
(B) Regardless of whether the village procures a policy or policies of liability insurance pursuant to division (A) of this section or otherwise, the village may establish and maintain a self-insurance program in accordance with R.C. § 2744.08.
(C) The purchase of liability insurance, or the establishment and maintenance of a self-insurance program, by the village does not constitute a waiver of any immunity or defense of the village or its employees, except that the village may specifically waive any immunity or defense to which it or its employees may be entitled if a provision to that effect is specifically included in the policy of insurance or in a written plan of operation of the self-insurance program, or, if any, the legislative enactment of the village authorizing the purchase of the insurance or the establishment and maintenance of the self-insurance program. Such a specific waiver shall be only to the extent of the insurance or self-insurance program coverage.
(R.C. § 2744.08)
Statutory reference:
Joint municipal self-insurance pools, see R.C. § 2744.081