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Policy 8300 - Risk Management

Policy 8300

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