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File #: 2019-150    Version: 1 Name:
Type: Authorization Status: Passed
File created: 4/12/2019 In control: City Council
On agenda: 5/6/2019 Final action: 5/6/2019
Title: Approval of Excess Cyber Security coverage renewal with Towers Watson/Chubb Insurance for $6,879 and authorize the Mayor to execute related documents
Sponsors: Maryline Blackburn
Attachments: 1. Issue Sheet, 2. 2019 05 CYSL FINEX - Chubb Quote.docm, 3. 2019 05 CYSL FINEX - Smyrna Proposal.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Impact

WARD:  Citywide

 

COMMITTEE:  Human Resources

 

$ IMPACT:  $6879.00

 

Title

Approval of Excess Cyber Security coverage renewal with Towers Watson/Chubb Insurance for $6,879 and authorize the Mayor to execute related documents

Body

ISSUE:  Renewal of Excess Cyber Security coverage

 

BACKGROUND:  In 2018, the City enrolled in Excess Cyber coverage through GIRMA/Towers Watson. This provides coverage up to $1,000,000 in the event of a cyber breach. The coverage period is May-April. Our current coverage will expire April 30, 2019. Renewal cost increased only $45.

 

RECOMMENDATION/REQUESTED ACTION:  Approval of Excess Cyber Security coverage renewal with Towers Watson/Chubb Insurance for $6,879 and authorize the Mayor to execute related documents.