As the de facto “risk manager” at most private-independent schools, the Business Manager is usually responsible for ensuring that the school maintains insurance coverage that is appropriate to its many legal, financial, and environmental risks. The legal vehicle through which we transfer risk (or fail to) is the insurance policy. It’s critical to know how to “read” and have a general understanding of your policy. This article offers several critical recommendations to help ensure that your insurance policies cover what you need covered—and that these items are spelled out appropriately in the written insurance contract(s).