REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
June 14, 2022
FROM
VICTOR TORDESILLAS, Director, Department of Risk Management
SUBJECT
Title
Renewal of County's Cyber Liability Insurance Program
End
RECOMMENDATION(S)
Recommendation
1. Authorize the Director of Risk Management to negotiate the renewal of the County's Cyber Liability Insurance Program, as recommended by Arthur J. Gallagher & Co. Insurance Brokers of California, Inc., on terms substantially similar to last year's policies (attached) except for a 20% coinsurance on ransomware, and an increase to the total coverage limit from $20 million to $30 million in excess of $500,000 self-insured retention, for a total premium of approximately $1,792,453, for the period of July 1, 2022 through July 1, 2023.
a. A primary layer of $5 million in excess of $500,000 self-insured retention, for a premium of approximately $377,578 with Indian Harbor Insurance Company.
b. A secondary layer of $5 million in excess of $5 million primary layer, for a premium of approximately $351,525 with Starr Insurance Company.
c. A third layer of $5 million in excess of $10 million of underlying insurance, for a premium of approximately $358,699 with Ironshore Insurance Company.
d. A fourth layer of $5 million in excess of $15 million of underlying insurance, for a premium of approximately $258,125 with Berkley Insurance Company.
e. A fifth layer of $8 million in excess of $20 million of underlying insurance, for a premium of approximately $357,220 with Brit.
f. A sixth layer of $2 million in excess of $28 million of underlying insurance, for a premium of approximately $89,306 with Tarian Underwriting Limited.
2. Authorize the Director of Risk Management to execute the binding order on behalf of the County.
(Presenter: Victor Tordesillas, Director, 386-8621)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Bus...
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