The Coun­ty Board shall have the pow­er to pur­chase lia­bil­i­ty insur­ance cov­er­ing and insur­ing all Coun­ty offi­cers, employ­ees and elect­ed offi­cials; said insur­ance to cov­er inci­dents occur­ring while in the per­for­mance of their duties, which insur­ance may insure, cov­er and pro­tect any lia­bil­i­ty which the Coun­ty offi­cer, employ­ee or elect­ed offi­cial may incur.  When the insur­ance has been pur­chased, the Coun­ty shall be respon­si­ble for all pre­mi­ums and deductible charges called for by any valid lia­bil­i­ty insur­ance pol­i­cy cov­er­ing the Coun­ty offi­cer, employ­ee or elect­ed official.