Morris School District
MORRIS SCHOOL DISTRICT
Morristown, New Jersey 07960

Policy
File Code: 3530
Monitored:
Mandated:
Other Reasons
INSURANCE MANAGEMENT

The Business Administrator/Board Secretary shall manage the insurance program of the Morris School District to provide the broadest, most complete property and liability coverage available, secured at the most economical cost consistent with sound insurance principles. The Board of Education shall take advantage of all cost-effective means.

Agents shall be selected on the basis of quotations and other pertinent factors. Because good service is vital to an effective insurance program, consideration shall be given to the selection of an agent or agents who are capable of rendering the desired quality of service and who will be readily available to do so.

The Board of Education may engage an insurance consultant to review the complete insurance program and investigate such alternatives as:
  1. Assumption of risk by the Board of Education;
  2. Savings through loss prevention;
  3. Transfer-of-risk alternatives;
  4. Self-insurance risks.
The Board of Education shall maintain sufficient liability insurance of all Board of Education and staff members while they are conducting official school business. The Board of Education shall insure against any civil, administrative, criminal or quasi-criminal actions, or other legal proceedings that might be brought against any staff, Board of Education member or approved volunteer for any act or omission arising out of, and in the course of, the performance of the duties of his/her office, position or employment.

All school property shall be insured at 100% of the current appraised value. The appraisal shall be updated annually.

Date: April 14, 1986
November 19, 2001 First Reading
December 10, 2001 Approved

Legal References:
N.J.S.A. 18A:12-20 Indemnity of members of Boards of Education against cost of defense.
N.J.S.A. 18A:16-6 Indemnity of officers and employees against action, proceeding; exceptions.
N.J.S.A. 18A:16-6.1 Indemnity of employees in certain criminal, quasi-criminal actions.
N.J.S.A. 18A:60-5 Indemnity of employees in certain criminal, quasi-criminal actions

Cross References:
3440 Inventories
3541.31 Privately owned vehicles
4148 Employee protection
4248 Employee protection
4141.3 Health examinations and immunizations
5141 Health

Key Words
Insurance, Insurance Management
 

Morris School District | 31 Hazel Street | Morristown, New Jersey | Phone: 973-292-2300
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