RISK MANAGEMENT

The School Board desires to protect district resources by maintaining a program of risk management including, but not be limited to:

 1.      Property Loss Insurance (buildings and equipment).

2.      Workers Compensation Insurance.

3.      Liability Insurance. 

(cf. 4154 - Personnel Insurance/Health & Welfare Benefits)
(cf. 5143 - Students/Insurance/Athletic Insurance)

The district officer responsible for the custody of district moneys and property shall be bonded as required by law.  The Board may require the bonding of employees holding positions which have extensive access to property and money.

Legal Reference:

ALASKA STATUTES
14.03.150   Insurance required
14.08.091  Administration (Regional Education Attendance Areas)
14.11.011  Grant applications
14.12.115  Indemnification
14.14.020  Bond required
21.76.010-21.76-900  Joint insurance arrangements

ALASKA ADMINISTRATIVE CODE
4 AAC 31.200  Loss protection required
4 AAC 31.205  Self-insurance programs
4 AAC 31.210  Deductible amounts
4 AAC 31.215  Proceeds
4 AAC 31.220  Proof of insurance
4 AAC 31.225  Failure to procure insurance

KETCHIKAN GATEWAY BOROUGH SCHOOL DISTRICT
Adoption Date:  10/13/99