| Ferndale School District |
| Bylaws & Policies |
8710 - INSURANCE
The Board of Education shall purchase with District funds the type and amount of insurance necessary to protect the District from major financial losses.
Insurance purchased shall include, but need not be limited to, the following:
| A. | negligent acts or omissions which cause personal injury or wrongful death | |
| B. | fire and extended coverage on buildings and contents | |
| C. | comprehensive bodily injury, property damage on automobiles, buses, and trucks | |
| D. | boiler and machinery | |
| E. | special coverage for equipment not ordinarily covered under a standard policy | |
| F. | employee insurance coverage as specified in the Master Agreement(s) or by Board action | |
| G. | worker's compensation coverage | |
| H. | legal liability for Board members and employees |
Insurance for a given coverage shall be obtained at the lowest possible cost, assuming that service and company reliability are satisfactory. The Business Manager shall administer the insurance program.
The Board may, upon formal resolution duly adopted, become a member of a self-insurance group in order to participate in any joint self-insurance fund or funds, risk management programs, or related services offered or provided by the group. The Board's membership in the group will be governed by the bylaws of the insurance group, which must be reviewed and approved by the State Superintendent of Insurance in accordance with law.
Trustees of the school board self-insurance pool shall be selected in accordance with the bylaws of the insurance group; if the bylaws do not provide for the manner of a trustee's election, the trustee or trustees representing this Board shall be elected by a plurality vote of those Board members present and voting.
M.C.L.A. 129.51, 380.1269, 380.1332
Adopted 3/02