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Policies
Board Policies·3000 Business & Instruction Support Operations

BP 3530Risk Management

Policy Details

Status
Active
Cross references
  • E 3530a Student or Visitor Injury Incident Report
  • BP 3541.1 School-Related Trips
  • E 4154 Health Benefits
  • BP 4154/4254/4354 Health Benefits
  • BB 9123 Clerk and Treasurer
  • Legal Protection
BB 9260
Adopted
10/18/2010
Last reviewed
10/20/2025
Last revised
10/20/2025

The Board desires to maintain a program of risk management to protect district property and resources against harm or loss by identifying risks and administering a program designed to minimize and/or prevent losses. The risk management schedule will include, but not be limited to:

  1. Property Loss Insurance (buildings and equipment)
  2. Workers Compensation Insurance
  3. Liability Insurance

(cf. 4154 - Personnel Insurance/Health & Welfare Benefits) (cf. 5143 - Students/Insurance/Athletic Insurance)

The district officer responsible for the custody of district moneys and property shall be bonded as required by law. The School Board may require the bonding of employees holding positions which have extensive access to property and money.

The Alaska Statutes and Administrative Codes listed herein outline the minimum requirements.

Legal Reference:

ALASKA STATUTES

14.03.150 Property Insurance required

14.08.091 Organization; oath and bond. (Regional Education Attendance Areas)

14.11.011 Grant applications

14.12.115 Indemnification

14.14.020  Bond required

21.76.010-21.76-900 Joint insurance arrangements

ALASKA ADMINISTRATIVE CODE

4 AAC 31.200 Loss protection required

4 AAC 31.205 Self-insurance programs

4 AAC 31.210 Deductible amounts

4 AAC 31.215 Proceeds

4 AAC 31.220 Proof of insurance

4 AAC 31.225 Failure to procure insurance