| Southern Local School District |
| Administrative Guidelines |
8710A - INSURANCE
The Board of Education is responsible for the purchase of insurance or the assumption of risk to cover the various risks to which the School District is exposed. In order to evaluate the range of services available and the cost thereof, the Board will from time-to-time accept proposals from interested agents.
| A. | Coverage shall be maintained in the following general categories: |
| 1. | Worker's Compensation and Employer Liability (including School Board members when on school business), | ||
| 2. | Comprehensive General Liability (for all officers and employees), | ||
| 3. | Comprehensive Auto Liability and Physical Damage (including mobile equipment), | ||
| 4. | Surety Bonds for persons handling money (e.g. Treasurer, Secretaries, Cafeteria cashiers), | ||
| 5. | Property Insurance (including boiler and machinery). |
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All property shall be insured for replacement value, except automobile. |
| B. | Insurance where placed outside the District shall be placed with companies licensed by the Department of Banking and Insurance of the State of Ohio. Insurance is to be placed through a qualified agent who shall be the agent of record on all policies, except that policies relating to annuities, group life and accident and health may be placed through other qualified agent(s) or a direct writing carrier. | |
| C. | The agent(s) of record shall provide the Board with the following services: |
| 1. | Advice with respect to all insurance matters to the end that the Board has adequate but not excessive insurance coverage at the lowest possible cost. | ||
| 2. | Review plans and specifications of all new buildings with the controlling Qualified Fire Insurance Rating Engineer in order to minimize penalty charges. | ||
| 3. | Process claims promptly. |