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3011 Insurance

3011

Insurance

 

The board or education shall purchase such insurance or be a member of an appropriate pool, as it deems appropriate to protect the district, the board as a corporate body, individual board members, appointed officers, employees, and volunteers from financial loss arising from any claim, demand, suit or judgment.  

 

The district may, but is not required to, solicit bids for insurance or coverage via a pool. 

 

The board shall review its coverage before its expiration date, or as need dictates and may enlist the assistance of an independent appraiser to determine property value.

 

 

Adopted on: 4/11/2005

 

Revised on: 9/16/2013

 

Reviewed on:9/14/2009

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