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County Administrator's Report 10. 1.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	10/01/2020
Issue: Cyber Enterprise Risk Management Insurance
From:	Mark Bartlett
Department:	Human Resources
CAO Approval:

RECOMMENDATION:

Recommendation Concerning CHUBB Cyber Enterprise Risk Management Insurance, Mark Bartlett, Risk Manager - Jana Still, Human Resources Department Director

That the Board approve the payment to USI Insurance Services, LLC, in the amount of $32,405, for Cyber Enterprise Risk Management Insurance written through Chubb Group of Insurance Companies (ACE American Insurance Company) for the period of October 1, 2020, through September 30, 2021, with a $50,000 deductible.

Vendor	Funding	Amount
USI Insurance Services, LLC Cyber Enterprise Risk Management Insurance	Fund 501, Internal Service Fund, Cost Center 140835, Object Code 54501	$32,405

[Funding: Fund 501, Internal Service, Cost Center 140835, Object Code 54501]

BACKGROUND:

Exposure to loss from network intrusion is a significant financial risk for Escambia County. Cyber extortion is an increasing threat that can be mitigated by adequate coverage such as that offered in the recommended policy.

BUDGETARY IMPACT:

Funds are available in Cost Center 140835, Object Code 54501.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

Risk Management will be the contract administrator.

POLICY/REQUIREMENT FOR BOARD ACTION:

County Ordinance, Chapter 46, Article II, Section 46-64, providing for Board approval of Contracts of $50,000.

IMPLEMENTATION/COORDINATION:

Upon Board approval, Purchase Orders will be issued by the Purchasing Office to provide payment for services rendered from the Contract.

Attachments
Cyber Quote