8710 - INSURANCE
The School Board shall purchase with Corporation funds the type and amount of insurance necessary to protect the Corporation from major financial losses.
Insurance purchased shall include, but need not be limited to, the following:
fire and extended coverage on buildings and contents
comprehensive bodily injury, property damage on automobiles, buses, and trucks
boiler and machinery
special coverage for equipment not ordinarily covered under a standard policy
employee insurance coverage as specified in the Master Agreement(s) or by Board action
worker's compensation coverage
open stock burglary
legal liability for Board members and employees
Insurance for a given coverage shall be obtained at the lowest possible cost, assuming that service and company reliability are satisfactory. The Superintendent or designee shall administer the insurance program.
© Neola 2006