Policy Statement:

Lakeway Christian Schools (LCS) is committed to maintaining adequate commercial insurance coverage to safeguard the interests of the school community. This policy provides a framework for the selection, management, and review of insurance coverage to mitigate risks associated with school operations.

Insurance Coverage:

LCS shall maintain commercial insurance coverage that is comprehensive and appropriate for the needs of the school. Insurance coverage may include, but is not limited to, the following types:

• Property Insurance: To protect against damage or loss of school buildings, equipment, and other assets.
• Liability Insurance: To provide coverage for claims or lawsuits arising from school operations, including general liability, professional liability, and other forms of liability.
• Workers' Compensation Insurance: To provide coverage for work-related injuries or illnesses of school employees as required by applicable laws.
• Automobile Insurance: To cover school-owned vehicles and liability related to school-sponsored transportation.
• Cybersecurity Insurance: To protect against data breaches, cyberattacks, and related risks in an increasingly digital environment.
• Student Accident Insurance: To provide coverage for accidental injuries to students while participating in school-related activities.
• Other Insurance: LCS may secure additional insurance coverage as deemed necessary to mitigate specific risks.

Insurance Review and Evaluation:

• The school administration, in consultation with insurance professionals, shall regularly review and evaluate the adequacy and appropriateness of insurance coverage.
• Coverage limits, deductibles, and policy terms shall be assessed to ensure they align with the school's needs and financial considerations.

Insurance Provider Selection:

• The selection of insurance providers and policies shall be made based on competitive pricing, the provider's reputation, and their ability to meet LCS's insurance needs.
• LCS may seek bids or proposals from multiple insurance providers when obtaining or renewing coverage.

Claims Management:

• In the event of an insurable incident, LCS shall promptly report the claim to the insurance provider and cooperate fully in the claims process.
• Claims shall be managed and resolved in accordance with the terms and conditions of the insurance policies.

Compliance with Legal Requirements:

• LCS shall comply with all legal requirements related to insurance coverage, including those mandated by state or federal laws and regulations.
• Certificates of insurance may be provided to third parties as necessary to demonstrate compliance with legal obligations.

Policy Review and Updates:

This insurance policy shall be periodically reviewed and updated as needed to reflect changes in the school's operations, insurance market conditions, and legal requirements.

Communication:

All relevant stakeholders, including school employees, students, and board members, shall be informed of key aspects of the school's insurance coverage as appropriate.