AP 570: Insurance Management
Business & Finance
Background
The Superintendent ensures that the Division maintains proper and continuous insurance coverage to meet all legislative requirements, protect the Division’s assets and operations, and mitigate financial, operational, and reputational risks. This includes maintaining a broad spectrum of insurance that is comprehensive, current, and responsive to typical and emerging risks, thereby safeguarding the Division’s ability to fulfill its educational mandate.
Procedures
1. The Superintendent authorizes the Associate Superintendent, Corporate Supports and Services to ensure adequate insurance exists for the Division.
2. The Division shall provide adequate insurance coverage to meet the division’s needs. Some examples include:
2.1. Property (Reciprocal and Excess),
2.2. Comprehensive General Liability,
2.3. Bond and Crime Policy, and
2.4. Automobile Policy.
3. Claims made under Parkland School Division’s insurance policy shall be made by the Associate Superintendent, Corporate Supports and Services upon receipt of the required information from the Principal or department head.
4. On an annual basis, the Associate Superintendent, Corporate Supports and Services shall review insurance coverage and make such arrangements for insurance coverage as deemed necessary.
5. The Associate Superintendent, Corporate Supports and Services shall avail information that describes the Division’s insurance coverage to staff members and others, as required.
