The Board of Trustees shall purchase with College Funds the type and amount of insurance necessary to protect the College from major financial losses.
Insurance purchased shall include, but need not be limited to, the following:
A. negligent acts or omissions which cause personal injury or wrongful death;
B. fire and extended coverage on buildings and contents;
C. comprehensive bodily injury, property damage on automobiles, buses, and trucks;
D. boiler and machinery;
E. special coverage for equipment not ordinarily covered under a standard policy;
F. employee insurance coverage as specified in the Master Agreement(s) or by Board action;
G. worker's compensation coverage; and
H. legal liability for Trustees and employees.
M.C.L. 129.51, 380.124, 380.1269, 380.1332