100



LIABILITY INSURANCE COVERAGE



(Board of Trustees Meeting, October 24, 1976)



The next subject considered by the Board of Trustees concerned

liability insurance coverage for members of the Board of Trustees

and for the consultants to the Board.



In this regard, the Board had earlier asked for a report cover-—



ing this subject and a report was given at this meeting by the College's

Controller, who was invited into the meeting for this purpose.



The Controller described for members of the Board of Trustees

their present coverage. He included in his report a description of

the College's comprehensive general liability policy, the umbrella

liability policy, and the comprehensive automobile liability policy.

He discussed the provisions of these policies and talked about the

coverage provided to the members of the Board of Trustees and to

consultants to the Board.



Discussion followed this presentation and the Board took action

to have the College assume responsibility for the $10,000 deductible

provision under the umbrella liability policy. This means that in

the event of a liability claim against the College or the officers of

the College (including the members of the Board of Trustees and

consultants to the Board) that would be covered by the umbrella

liability policy for an occurrence which might for some reason not

be covered by the underlying insurance and therefore subject to the

$10,000 deductible provision of this policy, that coverage for the

named insured would be provided from College operating funds for



the amount of the claim applicable to this deductible provision.