Risk Management
The Board believes RISE Charter School must identify and measure risks of loss due to the damage or destruction of Charter School property or to claims against the Charter School by others claiming to have been harmed by the action or inaction of the Charter School, its offices, or staff. A risk management program shall be implemented to reduce or eliminate risks where possible, and to determine which risks the Charter School can 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-insuring, or joint employment of a risk manager. The Directors 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 each year.
[OPTION - The Charter School shall purchase and pay for surety bonds for the Executive Director, clerk, and such other staff and in such amounts as the Board shall from time to time determine to be necessary for honest performance of the staff in the conduct of the Charter School’s financial operations.]
Cross Reference:
§ 8520 Inspection of School Facilities
Legal References:
I.C. § 33-701 Fiscal Affairs of School Districts - Fiscal Year - Payment and Accounting of Funds
I.C. § 33-1613 Courses of Instruction - Safe Public School Facilities Required
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: