REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 9, 2020
FROM
LEANNA WILLIAMS, Director, Department of Risk Management
SUBJECT
Title
Renewal of Cyber Liability Insurance Program
End
RECOMMENDATION(S)
Recommendation
1. Approve the renewal of the County's Cyber Liability Insurance Program, as recommended by Arthur J. Gallagher & Co. Insurance Brokers of California, Inc., with a total program coverage limit of $30 million in excess of $50,000 self-insurance retention, and a total premium cost not to exceed $318,898, for the period of July 1, 2020 through July 1, 2021 as follows:
a. A primary layer of $10 million in excess of $50,000 self-insurance retention, for a premium of $139,054 with Indian Harbor Insurance Company.
b. A secondary layer of $20 million in excess of $10 million primary layer, for a premium of $179,844 with Lloyd's Syndicate.
2. Authorize the Director of the Department of Risk Management to execute the binding order on behalf of the County.
(Presenter: LeAnna Williams, Director, 386-8621)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of additional Discretionary General Funding (Net County Cost). The total premium not to exceed $318,898, will be paid from the Department of Risk Management's (DRM) liability funds, and will be recovered through Board approved rates charged to County departments and Special Districts. Sufficient appropriation will be included in the DRM's 2020-21 recommended budget.
BACKGROUND INFORMATION
The DRM administers the County's self-insurance program for public liability and workers' compensation claims, as well as procures excess insurance policies to provide additional protection for the County by transferring risk at the upper limits of the programs.
In the current business environment, most Co...
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