www.mymanatee.org
Manatee County Government Administrative Center First Floor, Commission Chambers 9:00 a.m. - January 23, 2018
January 23, 2018 - Regular Meeting
Agenda Item #13


Subject
Purchase of cyber liability insurance coverage

Briefings
None

Contact and/or Presenter Information

Mitchell O. Palmer, County Attorney, ext. 3750

Linda R. Klasing, Risk Manager, ext. 3750



Action Requested

Motion to approve the purchase of cyber liability insurance coverage in the amount of $13,190.00, which is the short term option 1 of the attached proposal from First Florida Insurance Brokers, and to approve execution by the County Attorney or his designee of all required documents.

The proposed short term policy period from February 1, 2018 to October 1, 2018 is in order to bring this coverage in line for renewal with the current liability coverages in place.



Enabling/Regulating Authority

Ordinance 16-26



Background Discussion

The Risk Management Division has been working with the IT Department to determine an appropriate cyber liability insurance program for the Manatee County Board of County Commissioners and recommends a motion to approve the purchase of cyber liability insurance in an amount of $13,190.00.  This is is per Option 1 of the attached proposal from First Florida Insurance Brokers.

Cyber liability insurance will assist Manatee County with the costs associated with a security breach under Fla. Statute 501.171, as well as other associated costs.  All coverages are subject to the terms, conditions, endorsements, and exclusions of the policy. Limits and Self Insured Retentions as proposed are in line with those in place for like-sized counties in the State of Florida.

Pursuant to Ordinance 16-26, the Risk Management Division administers the risk management fund 505 to finance its Property, Casualty and Workers’ Compensation risk financing programs. The Property insurance program is renewed each year on June 1st and is not included in this agenda item; Excess Liability and Workers’ Compensation are renewed each year on October 1st and are not included in this agenda item.



County Attorney Review
Other (Requires explanation in field below)

Explanation of Other
This is a County Attorney item.


Reviewing Attorney
Palmer

Instructions to Board Records

Please return a stamped copy of this agenda memorandum certifying its approval by the Board of County Commissioners to Linda Klasing, Risk Management Division at linda.klasing@mymanatee.org and to Mitchell O. Palmer, County Attorney's Office at mitchell.palmer@mymanatee.org.



Cost and Funds Source Account Number and Name
$13,190 Fund 5050001500 Risk Management General Liability

Amount and Frequency of Recurring Costs
$13,190.00 One Time Payment


Attachment:  MCBOCC - Cyber Liability Proposal 17-18 revised 01.02.2018.pdf