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6500 - Risk Management

The District must identify and measure risks of loss due to the damage or destruction of District property or to claims against the District by others claiming to have been harmed by the action or inaction of the District, its officers or staff. A risk management program shall be implemented to reduce or eliminate risks where possible, to determine which risks the District can afford to assume and to transfer to an insurance company those risks which the District does not wish to assume or cannot economically afford to assume. Such a program shall consider the benefits, if any, of joining with other units of local government for joint purchasing of insurance, joint self-funding, joint self- insuring or joint employment of a risk manager. The superintendent shall assign the primary responsibility for the administration and supervision of the risk management program to a single person. The board shall review the status of the risk management program as deemed necessary.

The District shall purchase and pay for surety bonds for the superintendent, Business Office Director, and such other staff and in such amounts as the board shall determine to be necessary for the protection of the District's financial operations.

Adopted:

6/24/1986

Last Revised:

9/4/2015

Related Procedure:

Legal References:

  • RCW 28A.400.350 Liability, life, health, health care, accident, disability and salary Insurance authorized—When required—Premiums
  • RCW 28A.400.360 Liability insurance for officials and employees authorized
  • RCW 28A.400.370 Mandatory insurance protection for employees
  • RCW 28A.320.060 Officers, employees or agents of school Districts or educational service Districts, insurance to protect and hold personally harmless
  • RCW 28A.320.100 Actions against officers, employees or agents of school Districts and educational service Districts—Defense, costs, fees—Payment of obligation
  • RCW 28A.330.100 Additional powers of board
  • RCW 48.62 Local Government Insurance Transactions