Insurance Protection-62.06
It shall be the policy of the college that adequate insurance protection be obtained against the risks inherent in the operation of an institution of higher education. Therefore, the college will insure against risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. It shall also be the policy of the college to require all persons who are authorized to sign checks to be bonded in the amount of $50,000. Liability insurance for errors and omissions shall be provided for trustees and designated college staff. Travel accidental death, medical benefits, and dismemberment insurance shall be provided to cover the risk to trustees and the vice presidents on official college business. Policy Manual Revision: 7/1/00 |