Property Damage
RISE Charter School shall maintain a comprehensive insurance program which shall provide adequate coverage, as determined by the Board, in the event of loss or damage to school buildings, equipment, or other school property, including motor vehicles.
The comprehensive insurance program shall maximize the Charter School’s protection and coverage while minimizing the costs for insurance. This program may include alternatives for sharing the risk between the Charter School and the insurance carrier, and through self-insurance plans.
If, as a result of loss on real property, the Charter School receives less than $5,000, such proceeds may be credited to the general fund.
Privately-Owned Property
The Charter School shall not assume responsibility for the maintenance, repair, or replacement of any privately-owned property brought to a school or Charter School function unless the use or presence of such property has been specifically requested in writing by the administration.
Legal References:
I.C. § 33-701 Fiscal Affairs of School Districts - Fiscal Year - Payment and Accounting of Funds
I.C. § 33-5204 Nonprofit Corporation—Liability—Insurance
I.D.A.P.A. 08.02.04.300 Public Charter School Responsibilities
Policy History:
Adopted on: July 26, 2021
Revised on:
Reviewed on: