Quite frankly, if I was making a student short for 10K I certainly would not bother incorporating a company, that would be a total waste. You're not making an asset that will later be sold. As for insurance, there must be a student package out there someplace? It pays to call around, as rates vary greatly. But don't buy the gold star package.
I would focus on putting all of that money up on the screen, every penny. If you are at a film school, I don't see why you would pay crew? When I was at film school, everyone worked on everyone else's productions, and no one got paid. The 10K should be used to buy things that will bring real value, to make your project stand-out. If something costs $1000.00 try and get it for $300.00 under the....I am a starving film student on a super low budget, argument. You'll be surprised what you can get if you ask nicely and at least offer a few bucks.
But focus on getting all that money up on screen, do not get bogged down paying for stuff the audience will never see.