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R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
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R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
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9/29/2020 10:40:30 AM
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9/29/2020 10:40:21 AM
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Resolution/Ordinance
Res Ord Num
R2020-125
Res Ord Title
R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
Department
Finance
Approved Date
9/21/2020
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City Of Decatur Gallagher <br /> •CORE 360' <br /> Coverage: <br /> 7-Regulatory Proceedings Limit $5,000,000 Each Claim <br /> y Proceedings Limit $5,000,000 Aggregate <br /> Electronic, Social, and Printed Media Liability Limit $5,000,000 Each Claim <br /> Electronic, Social, and Printed Media Liability Limit $5,000,000 Aggregate <br /> Deductibles/Self-Insured Retention <br /> Retention First Party Insuring Agreements: <br /> Retention Cyber Incident Response Fund: <br /> Retention -Cyber Incident Response Team -Each Incident $50,000 <br /> Retention -Non-Panel Response Provider -Each Incident $50,000 <br /> Retention -Non-Panel Response Provider -Cyber Incident Response Coach Retention $50,000 <br /> Retention Business Interruption Loss and Extra Expenses -Each Incident $50,000 <br /> Deductible Business Interruption Loss and Extra Expenses -Each Incident Waiting Period: 10 Hours <br /> Retention Digital Data Recovery -Each Incident $50,000 <br /> Retention Network Extortion -Each Incident $50,000 <br /> Retention Third Party Liability Insuring Agreements: <br /> Retention Cyber, Privacy And Network Security Liability -Each Claim $50000 <br /> Retention -Payment Card Loss -Each Claim $50,000 <br /> Retention -Regulatory Proceedings -Each Gaim $50,000 <br /> Retention Electronic, Social And Printed Media Liability -Each Gaim $50,000 <br /> Any Other Continuity or Specific Dates/Limits applicable to the Claims-Made Conditions: <br /> s a- <br /> s • • <br /> r <br /> Third Party Liability -Cyber, Privacy And Network Security Liability, Payment <br /> Card Loss& Regulatory Proceedings <br /> Third Party Liability -Electronic, Social, and Printed Media Liability -- <br /> Claims Made Coverage: <br /> Should you elect to change carriers(if a new retroactive date is provided) or non-renew this policy, a supplemental extended <br /> reporting endorsement may be available subject to policy terms and conditions. You must request the extended reporting period <br /> in w riting to the carrier w ithin([Days To Extend]) days of the expiration date. The cost of this extended reporting period is <br /> [Percent Cost]% of the annual premum and is fully earned. The extended reporting period extends only to those claims made <br /> during the extended reporting period for w rongful acts that occurred prior to the expiration date and would have been covered by <br /> the policy. Claims must be reported to the carrier w ithin([Days To Report]) days of the end of the policy period. The extended <br /> reporting period does not increase the limits of liability and is subject to all policy terms, conditions and exclusions. <br /> 30 <br /> r <br />
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