REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 22, 2021
FROM
VICTOR TORDESILLAS, Interim Director, Department of Risk Management
SUBJECT
Title
Renewal of County's 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., for a total program coverage limit of $20.0 million in excess of $500,000 self-insured retention, with a total premium of approximately $909,873, for the period of July 1, 2021 through July 1, 2022.
a. A primary layer of $5.0 million in excess of $500,000 self-insured retention, for a premium of approximately $255,228 with Indian Harbor Insurance Company.
b. A secondary layer of $5.0 million in excess of $5.0 million primary layer, for a premium of approximately $242,477 with Starr Insurance Company.
c. A third layer of $8.0 million in excess of $10.0 million of underlying insurance, for a premium of approximately $335,763 with Lloyd's Syndicate.
d. A fourth layer of $2.0 million in excess of $18.0 million of underlying insurance, for a premium of approximately $76,405 with Tarian Underwriting Limited.
2. Authorize the Director of the Department of Risk Management to execute the binding order on behalf of the County.
(Presenter: Victor Tordesillas, Interim 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 of approximately $909,873 will be paid from the Department of Risk Management's (Department) liability funds, and will be recovered through Board of Supervisors (Board) approved rates charged to County departments and Special Districts. Sufficient appropria...
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