8300 - Risk Management Policy
NONINSTRUCTIONAL OPERATIONS
Risk Management
The board believes the district must identify and measure risks of loss due to the damage or destruction of district property or to claims against the district by others claiming to have been harmed by the action or inaction of the district, its officers or staff. A determination should be made of which risks the district can afford to assume and transfer to an insurance company those risks which the district does not wish to assume or cannot economically afford to assume. Consideration shall be given to the benefits, if any, of joining with other units of local government for joint purchasing of insurance, joint self-funding, joint self-insuring or joint responsibility for the administration and supervision of the risk management program to a single person.
The district shall purchase and pay for surety bonds for the superintendent, business manager and such other staff and in such amounts as the board shall from time to time determine to be necessary for honest performance of the staff in the conduct of the district’s financial operations. Such bonds may include a deductible proviso not to exceed 2 percent of the employee’s annual salary.
Legal References: RCW 28A.400.350 Liability, life, health, health care, accident,
disability and salary insurance
authorized – Premiums
RCW 28A.400.360 Liability insurance for officials and
employees authorized
RCW 28A.400.370 Mandatory insurance protection for
employees
RCW 28A.320.100 Actions against officers, employees or
agents of school districts and
educational service districts –
Defense, costs, fees – Payment of
obligation
RCW 28A.320.060 Officers, employees or agents of school
districts or educational service
districts, insurance to protect and
hold personally harmless
RCW 28A.330.100(10) Additional powers of board
RCW 46.62 Local government insurance transactions
Adoption Date: May 28, 1996