Board backs $1M D&O level and authorizes LCPC efficiency exploration
The board recommended keeping $1 million in directors-and-officers insurance for 2026, discussed possibly increasing coverage, and unanimously authorized staff to work with LCPC to explore operational efficiencies within the current budget.
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Lamoille FiberNet staff recommended continuing the board’s current directors‑and‑officers insurance limit of $1 million for 2026 and indicated the premium is expected to be within the planned budget. Steven suggested the board may want to increase coverage; staff said Andy will consult the Vermont League of Cities and Towns for guidance on appropriate coverage levels.
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