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EIA - Insurance Programs

Code: EIA
Adopted: 3/12/86
Re-adopted: 8/13/97
Original Code: 8110
 

The Board will insure the district against insurable risks.  The following coverage will be carried at least the amounts shown:

  1. Fire, extended coverage and all physical loss on all property with a $1,000 deductible.  Coverage will be based on appraised value and will provide for recovery at replacement costs on both buildings and equipment; coverage with a loss limit provision may be used with the loss limit greater than any single site;
  2. General public liability, auto and personal liability to a $300,000 limit (currently $1,000,000);
  3. Board liability including district reimbursement to at least a $300,000 limit (currently $1,000,000);
  4. Catastrophe or umbrella liability with at least a $5,000,000 limit including an endorsement to cover Board liability;
  5. District employees will be covered by a blanket fidelity bond in the amount of at least $10,000;
  6. The district’s deputy clerk will be covered by at least a $100,000 bond with the proper notification of this coverage going to the Douglas Education Service District;
  7. The district’s clerk will be covered by at least a $20,000 bond with proper notification of this coverage going to the Douglas Education Service District;
  8. The district will carry $5,000,000 in boiler insurance coverage;
  9. Money and securities insurance will cover the administration office and the senior high school and monies in transit by messenger in the amount of at least $5,000;
  10. All risk insurance coverage will be carried on high value portable equipment such as mowers, forklifts and tractors;
  11. Catastrophic injury coverage on all student athletes, student managers, student trainers, student coaches and cheerleaders taking part in the sponsored and supervised interscholastic athletic programs of the district at the junior high and high school levels.

Legal Reference(s)

ORS  30.260 -  30.300
ORS 278.005 - 278.215
ORS 332.435
ORS 332.437
 
Cross Reference(s)