EI – Insurance Program/Risk Management – Cherry Creek Schools Board of Education

The Board has the responsibility for maintaining an adequate insurance program covering its buildings and grounds, fleet of vehicles, data, and employees carrying out official duties for the District. The Board may also authorize and participate in insurance programs for employees and students. The District routinely shall review its insurance programs and coverage and shall designate specific insurance companies or insurance pools to underwrite the various insurance needs of the District.

The administration shall make every effort to obtain insurance coverages at the best available rates - consistent with required coverages and services - through obtaining quotations or bids. The District's insurance program shall be administered by the Chief Financial Officer and/or the Chief Financial Officer's designee. Originally Adopted: March 8, 1982 Last Revised: date of manual adoption (July 13, 1992) Current Revision: December 11, 2023

Cross References:	BID – Board Member Development Opportunities, Expenses, Insurance, Liability, Insurance Program/Risk Management
	EDB – Maintenance and Control of Materials and Equipment

Legal References:	C.R.S. § 8 44 110 (insurance carrier notification requirements for insurance coverage cancellation)
	C.R.S. § 22 32 110(1)(s),(t),(u), and (v) (board of education - specific powers and duties - to procure insurance)
	C.R.S. § 22 45 103(1)(e) (accounting and reporting - risk management reserves for activities)
	C.R.S. § 22-54-105(2) (funding requirements for risk management reserves for activities)
	C.R.S. § 24 10 115 (authority for public entities to obtain insurance)
	C.R.S. § 24 10 115.5 (authority for public entities to pool insurance coverage)
	C.R.S. §§ 29 13 101 et seq. (local governments - authority to insurance property)

Adoption Date: March 08, 1982 Last Revised: December 11, 2023