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Home My WebLink AboutResolution - 2021-R0366 - Network Security Privacy Insurance Coverage 9.28.21Resolution No. 2021-R0366 Item No. 7.5 September 28, 2021 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Manager of the City of Lubbock is hereby authorized and directed to purchase for and on behalf of the City of Lubbock, Network Security Privacy Insurance coverage from a carrier, who is yet to be determined, for which the premium amount shall not exceed $114,393; and THAT the City Manager may execute any routine documents and forms associated with said insurance coverage. Passed by the City Council this _ September 28, 2021 L�-'a DANIEL M. POPE, AAYOR ATTEST: -'D,LP,, )k Re e a Garza, City Se re y APPROVED AS TO CONTENT: DIflAdtelich, Chief Financial Officer APPROVED AS TO FORM: QA(r(sell, Deputy City Attorney RES.Risk Mgmt-Network Security Privacy Ins. September 7, 2021 Resolution No. 2021-R0366 USI CITY OF LUBBOCK P.O. BOX 2000, Lubbock, TX 79457-0001 Cyber Renewal Proposal Policy Period—10/01/2021 to 10/01/2022 Issuing Paper & Rating Ascent Policy Form _ _ Ascent CyberPro US Admitted Coverage ; Non -Admitted First Party Coverages Breach Response $5,000,000 Business Interruption $5,000,000 Dependent Business $250,000 Interruption System Failure $5,000,000 Dependent System Failure $250,000 Data Recovery $5,000,000 _ Extortion $5,000,000 Cyber Crime Social Engineering Funds Transfer Fraud Telecomm Fraud Third Party Coverages N/A N/A i N/A $0 Marsh Cowbell Prime 250 Non -Admitted $1,000,000 $_1,000,000 $1,000,000 $1,000,000 N/A $1,000,000 j $1,000,000 $250,000 $250,000 $250,000 Privacy/Security $5,000,000 $1,000,000 Payment Card Loss - _ i $5,000,000 $1,000,000 Regulatory Proceedings $5,000,000 _ $1,000,000 Media T $5,000,000 $1,000,000 Retentions 1 111 sloo,000 First Party Loss $50,000 / 8 Hours for BI Loss $100,000 / 24 Hours for BI Loss Third Party Loss $50,000_ $100,000 Cyber Crime N/A _ $100,000 Retroactive Date Full Prinr Art- Full Prinr Artc �I,1 Marsh CITY OF LUBBOCK P.O. BOX 2000, Lubbock, TX 79457-0001 Cyber Renewal Proposal Policy Period—10/01/2021 to 10/01/2022 Other Markets Approached: AXA XL — Declined; Out of Appetite Resilience — Declined; Out of Appetite Coalition — Declined; Out of Appetite TMHCC — Pending Response AIG — Declined; Out of Appetite & Lack of MFA AEGIS — Pending Response AXIS — Declined; Lack of MFA Crum & Forster — Out of Appetite Ironshore — Declined; Out of Appetite Markel — Declined; Out of Appetite Ambridge — Pending Response At -Bay — Declined; Out of Appetite Zurich — Pending Response Emergin — Declined; Out of Appetite Starr — Pending Response USI CITY OF LUBBOCK P.O. BOX 2000, Lubbock, TX 79457-0001 Cyber Renewal Proposal Policy Period—10/01/2021 to 10/01/2022 Subiectivities: Cowbell $* Marsh 1. Please provide the intended Policyholder's contact information: Name, Email, and Phone Number; this is necessary prior to binding. 2. Cowbell Application signed and dated within 30 days prior to binding. 3. If the applicant had prior cyber coverage, please provide 5 years of loss runs. 4. Completed Surplus Lines Tax Documentation Form prior to binding. 5. Required to implement MFA on all systems including all remote access with priority given to (1) admin accounts, (2) email (all employees) and (3) cloud applications storing sensitive and regulated data within 60 days post binding. 6. During the policy period Insured will take advantage of Cowbell platform, complementary cybersecurity awareness training and its connectors for insights and recommendations. USI CITY OF LUBBOCK P.O. BOX 2000, Lubbock, TX 79457-0001 Cyber Renewal Proposal Policy Period—10/01/2021 to 10/01/2022 Endorsements: Ascent (Expiring) • Ascent CyberPro US v2.8 • NMA1256 Nuclear Incident Exclusion (USA) • NMA1477 Radioactive Contamination Clause (USA) • LSW1001 Several Liability Notice (Insurance) • LSW3000 Premium Payment Clause 45 Days • NMA1168 Small Additional Or Return Premiums Clause (USA) • LSW1023A Texas Surplus Lines Clause • LSW1022ATexas Complaints Notice • APPA Amendatory • Bricking • Cyber Terrorism • Dependent Network Interruption and Recovery • Notice of Terrorism Insurance Coverage LMA9105 • Payment Card Industry Fines and Assessments • Marsh Amendatory • California Consumer Protection Act (CCPA) Ex- tension • Voluntary Shutdown Extension • Post -Binding Subjectivity Condition I* Marsh Cowbell • Cowbell Cyber Risk Insurance Policy Declarations - Prime 250 PRIME 250SL 002 07 20 • Notice to Policyholders - OFAC PNO06SL 09 20 • Customer Notice of Privacy Policy & Producer Compensation Practices Disclosure PNO07SL OB 0920 • Cowbell Cyber Risk Insurance Policy - Prime 250 PRIME 250SL 00110 20 • Service of Process PRIME 250SL 075 12 20 • California Consumer Privacy Act PRIME 250SL 004 09 20 • General Data Protection Regulation PRIME 2505L 005 09 20 • Utility Fraud Attack PRIME 250SL 006 09 20 • Media Liability PRIME 250SL 007 09 20 • Disclosure Pursuant to Terrorism Risk Insurance Act PRIME 250SL 028 10 20 • Cap on Losses From Certified Acts of Terrorism PRIME 250SL 029 10 20 • Trade or Economic Sanctions Exclusion Endorse- ment PRIME 250SL 032 09 20 IUSI CITY OF LUBBOCK P.O. BOX 2000, Lubbock, TX 79457-0001 Cyber Renewal Proposal Policy Period—10/01/2021 to 10/01/2022 � Marsh All carrier documentation is available upon request. This document and any recommendations, analysis, or advice provided by Marsh (collectively, the "Marsh Analysis") are intended solely for the entity identified as the recipient herein ("you"). This document contains proprietary, confidential information of Marsh and may not be shared with any third party, including other insurance producers, without Marsh's prior written consent. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actu- arial, accounting, tax, or legal advice, for which you should consult your own professional advisors. 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