Cut Bank School District

 

NONINSTRUCTIONAL OPERATIONS            8300

 

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 offices or staff.  A risk management program shall be implemented to reduce or eliminate risks where possible, and to determine which risks the District can afford to assume.  Such a program shall consider the benefits, if any, of joining with other units of local government for joint purchasing of insurance, joint self-insuring or joint employment of a risk manager.  The trustees shall assign the primary responsibility for the administration and supervision of the risk management program to a single person.  The Board shall review the status of the risk management program each year.

 

The District shall purchase and pay for surety bonds for the Superintendent, Clerk 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.

 

 

 

Legal Reference:            § 20-6-608, MCA            Authority and duty of trustees to insure district property

§ 20-3-331, MCA            Purchase of liability insurance

§ 2-9-100, MCA            Liability exposure

§ 2-9-211, MCA   Political subdivision insurance

§ 2-9-502, MCA            General provisions related to official bonds

 

Policy History:

Adopted on:

Revised on: