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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 /> ***CORE360' <br /> Endorsements include,but are not limited to: <br /> ra • <br /> Additional Insured— Blanket Pursuant to a Contract —Cyber ERM -PF-48155 (02/19) <br /> Preventative Shutdown Endorsement -PF-49501 (02/19) <br /> Period of Restoration -FII In -PF-48160 (02/19) <br /> Cyber Incident Response Fund Side-Car -PF-48258 (02/19) <br /> Amendatory Endorsement —Illinois -PF-48296(02/19) <br /> Forms Schedule -PF-48152 (09/16) <br /> Binding Requirements: <br /> 01 1 <br /> r a. • <br /> Subject to <br /> -Completion of a New Biz App Within 60 Days of Effective Date <br /> -Current Loss runs 7 <br /> -Update on Encryption (This are is Particularly Concerning and Needs to be Addressed for US to Bind Terms. We Need to <br /> Confirm that the Insured Has Encryption in Place, Or if not, How They are Protecting Their Sensitive Information) /Update on <br /> Encryption in Place (Does the Insured Encrypt Data at Rest, In Transit, And on Mobile Devices) <br /> -Application Signed Within 30 Days from Effective Date <br /> Other Significant Terms and Conditions/Restrictions: <br /> Third Party Liability -Cyber, Privacy And Network Security Liability, Payment Card Loss, Regulatory Proceedings & <br /> Electronic, Social, and Printed Media Liability: Retroactive Date -Full Prior Acts <br /> Standard $1M, $3M and $5M options priced to include SF BVCBI <br /> Premium $55,810.00 <br /> ESTIMATED PROGRAM COST $55,810.00 <br /> TRIA/TRIPRA PREMIUM $0.00 <br /> (+Additional Surcharges, Taxes and Fees as applicable) <br /> Optional Coverages: <br /> MEN <br /> r.r <br /> r • • ZF5 <br /> Cyber Liability $1,000,000 (No Sidecar, IncluCBI) $25,000 .00 <br /> Cyber Liability $3,000,000 $25,000 $36,376.00 <br /> Cyber Liability $1,000,000(per expiring) $25,000 $13,596.00 <br /> 32 <br />
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