Select this to enable text only view

5.01.006 - Directors and Officers Liability Insurance

Approved: 1/22/2013
Approved By: Board of Trustees
Section: 01 - FINANCE

It is the intent of the Board of Trustees to ensure that the Board and the employees of the College are appropriately indemnified from liability claims.  The Board directs the President to ensure that the College annually purchases insurance coverage which provides School Leaders Errors and Omissions Liability protection.  The policy should provide coverage limits of at least $1,000,000 per wrongful act as well as coverage of at least $100,000 for defense attorney expenses.  The coverage should be reviewed annually and policy coverage limits evaluated for appropriateness and value relative to premium renewals.