INTEGRITY EDUCATIONAL CENTER

ADEQUATE PLAN FOR INSURANCE:
I: MANAGEMENT CAPACITY
Utopia Education is responsible for matters of civil and financial liability resulting from operations
of IEC. Utopia will carry levels of general liability, property, workers compensation, Directors and
officers, and unemployment insurance appropriate for the size and scope of the schools operation. Utopia
Education believes that the following types of insurances will be appropriate as well as the following
limits:
Type of insurance Coverage Limit
Property 1,000,000 USD
General Liability & School Board Liability 1,000,000 USD
Worker's Compensation and employers Liability 1,000,000 USD
In addition, IEC shall include OUSD as an endorsed name deemed insured on its policies. IEC is
willing to include liability understanding in the memorandum of understanding that hold OUSD harmless
for IEC debts and obligations of IEC as well (as from all matters of civil liability resulting from the
operation of the charter). IEC assumes that OUSD is willing to provide a parallel provision that holds
IEC harmless from OUSD debts and obligations as well as all matters of civil liability resulting from the
operation of OUSD (unrelated to the charter), and for any negligence of OUSD relating to the charter.
IEC will be responsible for all supplies and equipment that it purchases and, in the event of loss by fire,
disaster, or theft, OUSD shall have no responsibility for those items unless such loss was caused by the
negligence of OUSD. In addition, we will agree that OUSD shall have no responsibility for losses of
student property, and IEC will hold OUSD harmless from any such losses resulted from the negligence of
OUSD.
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