Policy 3530 - Risk Management/Insurance
Series: 3000 - Business and Non-Instructional Operations
Policy: 3530 - Risk Management/Insurance
Adopted: 09/02/1997
Last Revised: N/A
Download Policy 3530 - Risk Management/Insurance PDF (English)
Download Rule 3530 - Risk Management/Insurance PDF (English)
Risk Management/Insurance
The Board of Education strongly supports a risk management program that protects district resources and promotes the safety of students, staff and the public.
The Superintendent or designee shall establish a risk management program that uses effective safety and loss control practices. The district shall strive to keep its liability at a minimum and its insurance premiums as low as possible while maintaining adequate protection. To determine the most economical means of insuring the district consistent with required services, the Superintendent or designee shall annually review the district's options for obtaining coverage, including qualified insurance agents, a joint powers agency, self-insurance, or a combination of these means.
The Board reserves the right to remove an insurance agent-of-record or a participating agent whenever, in the judgment of the Board, such action becomes desirable for the best interests of the district.
To attempt to minimize the district's exposure to liability, the Board shall adopt clear policies related to discrimination, harassment, safety procedures, and the timely handling of claims. The Superintendent or designee shall ensure that these policies and related procedures are enforced fairly and consistently.
Legal References
Rule 3530
Risk Management
The Superintendent or designee shall take action to:
- Identify the risks inherent in the operation of district programs.
- Assess the above risks and keep records of accidents, losses and damage.
- Mitigate risks through loss control and safety-related activities.
- Determine the extent to which risks should be assumed by the district or covered by the purchase of insurance or pooling with other districts.
Employees are expected to take reasonable precautions for the care and safety of the school equipment with which they have been entrusted. Employees may be held responsible for recurring damage or losses that occur due to their negligence or lack of supervision. Responsibilities related to safety and loss control shall be included in employee job descriptions.
Insurance
Insurance coverage shall include, but may not be limited to:
- Liability insurance.
- Fire insurance for buildings, equipment and vehicles.
- Workers' compensation insurance.
- Fidelity bond insurance.
A suitable bond indemnifying the district against loss shall be purchased for employees responsible for handling district funds and may be purchased for employees responsible for handling district property. The district shall bear the cost of this bonding.
