Laserfiche WebLink
RESOLUTION NO.R2024-3C) L' <br /> RESOLUTION AUTHORIZING CYBER LIABILITY INSURANCE <br /> COVERAGE FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2024 TO OCTOBER 1,2025 <br /> WHEREAS,the City of Decatur current business insurance coverage shall expire <br /> October 1, 2024, and, <br /> WHEREAS, the City of Decatur is in need of cyber liability insurance coverage <br /> for the period October 1, 2024 through October 1, 2025; 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, 2024 <br /> through October 1,2025, <br /> WHEREAS, Underwriters at Cowbell Cyber have submitted a quote to <br /> provide $5M of cyber liability insurance in an amount not to exceed$108,717.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of Underwriters at Cowbell Cyber to supply $5M of <br /> cyber liability insurance in an amount not to exceed$108,717.00 to the City of Decatur <br /> be, and the 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 with <br /> the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 16th day of September, 2024. <br /> �, ,n UV <br /> Ju � Moore Wolfe, Mayor <br />