HomeMy WebLinkAboutItem 19 - Cyber Liability InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 16, 2025
SUBJECT: APPROVAL TO RENEW ANNUAL POLICY FOR CYBER LIABILITY
INSURANCE COVERAGE.
RECOMMENDATION: City Council to consider the renewal of an annual policy for cyber liability
insurance coverage with Crum and Forster.
FUNDING SOURCE: Funds are available in the General Fund (Risk Management) for an
estimated annual amount of $75,000.
BACKGROUND: The City's insurance broker, HUB International Insurance Services (HUB),
received proposals for cyber insurance coverage, including a renewal
quote from XL Insurance. Crum and Forster were the most reasonable
option for the coverage needed.
This procurement will be made in accordance with Local Government
Code Chapter 252, Subchapter B, § 252.024. General Exemptions (a) (4),
personal, professional or planning services.
City staff reviewed the proposals and recommends coverage with Crum
and Forster insurance policy for cyber liability coverage. This is a one-year
policy.
Staff recommends approval.