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706.01 Insurance Program

706.01    

INSURANCE PROGRAM

The Board of Directors shall maintain a comprehensive insurance program that will provide adequate coverage against major types of risk, loss, or damage, as well as legal liability and dishonesty.

A private appraisal agency may be retained upon the recommendation of the superintendent of schools for inventory and appraisal value services, to enable the Board of Directors to maintain a comprehensive insurance program.

The insurable value of all buildings owned by the school corporation shall be maintained and shall be updated annually.

LEGAL REF:   Iowa Occupational Safety and Health Act; Iowa Workers’ Compensation Act; Iowa Code Sections 85.2; 279.12; 279.28; 285.5(6); 285.10(6); 517A.1; 613A.7

 

 

 

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