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RESOLUTION NO. R2020- 1*2/b <br /> RESOLUTION AUTHORIZING CYBER LIABILITY INSURANCE <br /> COVERAGE FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2020 TO OCTOBER 1,2021 <br /> WHEREAS, the City of Decatur current business insurance coverage shall <br /> expire October 1, 2020, and, <br /> WHEREAS, the City of Decatur is in need of cyber liability insurance coverage <br /> for the period October 1, 2020 through October 1, 2021; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has secured <br /> quotes on the City's behalf for cyber liability insurance for the period October 1, 2020 <br /> through October 1, 2021; and, <br /> WHEREAS, ACE American Insurance Company has submitted a quote to <br /> supply cyber liability insurance in the amount of$55,810.00.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of ACE American Insurance Company to supply <br /> cyber liability insurance in the amount of$55,810.00 to the City of Decatur be, and the <br /> same is hereby, accepted and approved. <br /> Section 2. That the City Manager be, and is hereby authorized to direct Risk <br /> Management to execute the Client Authorization to Bind Coverage with Arthur J. <br /> Gallagher Risk Management Services for the afore-mentioned service in accordance <br /> with the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 21St day of September, 2020. <br /> YU /I JuIVMoore Wolfe, Mayor <br /> ATT <br /> Angela Harper <br /> Deputy City Clerk <br />