Chapter Five: Fiscal Affairs
Procedure Title: Liability Coverage/Surety Bonds
Based on: Board Policies Nos. 3 and 7
Procedure Number: 5.12
Date Adopted/Revised: June 25, 2001; November 21, 2006; May 15, 2007
The College will provide at its expense at least $1,000,000 in liability coverage for errors and omissions of the Board of Trustees and employees of the institution. The College will also maintain surety bond coverage on each employee. Employees must be eligible for surety bond coverage to maintain their employment at the College.