HomeMy WebLinkAboutCyber_Liability_Program_2022-23CYBER LIABILITY PROGRAM
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Overview 1–2
Detail 3–5
Schedule of Insurers 6
Protection period:
July 1, 2022 to July 1, 2023
CYBER LIABILITY PROGRAM
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Overview
Rev: 7/1/22
THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE,
NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1, 2022
July 1, 2022 CL22
(Supersedes CL 21)
Program Cyber Liability Insurance Program
Protection Period July 1, 2022 at 12:01 a.m. to July 1, 2023 at 12:01 a.m. Pacific Time
Covers Insuring Agreement A – Loss Expense Coverage
Protects against expenses the Insured incurs directly (i.e. 1st Party) in connection
with a Privacy Incident, Network Security Incident, or Cyber Crime Incident.
Examples of covered expenses include: forensics, notification, identity monitoring,
breach coaching, data restoration, systems restoration, extortion costs, and
business interruption loss.
Insuring Agreement B – Liability Expense Coverage
Protects against the Insured’s liability to others (i.e. 3rd Party) in connection
with a Privacy Incident, Network Security Incident, or Media Incident. Examples
of covered expenses include: Defense Expense, damages, pre-judgement
interests, judgments, post judgement interests, settlements, PCI assessments, and
consumer redress funds.
Supplemental Coverage
Hotline Help
In the event of a Privacy Incident or Network Security Incident, time is of the
essence. Great American is pleased to offer a 24/7/365 hotline to point the
Insured in the direction of the law firm that is best suited to provide immediate
incident consultation following the discovery of an actual or suspected security
event. No retention applies to this consultation.
Hardware Restoration Costs
Reimbursement up to $10,000 to replace, remediate, or improve the Insured’s
computing hardware after a Network Security Incident. There is no retention for
this coverage and limits are in addition to the policy’s limit of insurance.
C-Suite Protection Services
Small business owners are some of the most common targets of cyber
criminals. This coverage provides a $5,000 limit in addition to the policy’s limit
of insurance to pay for identity monitoring services for the Named Insureds
owners, partners, and principals following a privacy incident. There is no
retention for this coverage either.
CYBER LIABILITY PROGRAM
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Overview
Rev: 7/1/22
THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE,
NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1, 2022
Limits Great American Insurance Company provides cyber coverage for up to a $1M
aggregate limit per member that is subject to a $5M shared aggregate limit for the
entire risk pool (CJPIA and its participating members) during the policy period of
7/1/22 to 7/1/23. Houston Casualty Company provides an additional $5M shared
aggregate limit for the entire risk pool (CJPIA and its participating members)
excess of Great American’s $5M shared aggregate limit, which is also subject to
the $1M aggregate limit per member.
Self Insured Retention $250,000 per occurrence
Coverage Note Premiums paid directly by California JPIA.
CYBER LIABILITY PROGRAM
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Rev: 7/1/22
THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE,
NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1, 2022
Detail
July 1, 2022 to July 1, 2023
Covered Parties California Joint Powers Insurance Authority and participating members
Address 8081 Moody Street, La Palma, California 90623
Coverage $1,000,000 Each Claim and in the Aggregate for the Policy Period/Per Member,
Subject to $5,000,000 in the Pool Aggregate Excess of $250,000 for the Policy Period
Policy #: CYP E859556-00
Protection Period July 1, 2022 at 12:01 a.m. to July 1, 2023 at 12:01 a.m. Pacific Time
Coverage Provided by Great American Fidelity Insurance Company
100% of Layer
A.M. Best Rating Great American Fidelity Insurance Company
A+ (Superior)
Financial Size Category of XV ($2 Billion or greater)
California Status Great American Fidelity Insurance Company – Unauthorized Insurer
Limits The insurer supports the California Joint Powers Insurance Authority’s $1,000,000
Limit Each Claim and in the Aggregate for the Policy Period Per Member
(including Claims Expenses), subject to $5,000,000 in the Pool Aggregate for the
Policy Period (including Claims Expenses).
Retention $250,000 (including Claims Expenses)
Defense Costs and Expenses Included within the Limits and Self-Insured Retention
Coverage Follows the Great American Cyber Insurance Policy
Territory Follows the Great American Cyber Insurance Policy
Major Exclusions
(Refer to details in Policy)
All exclusions in the Great American Cyber Insurance Policy apply, which include:
• Cyber Crime
• Property Damage
• Pollution
• Infrastructure Outage
• Infringement or Violation of Intellectual Property Rights
• Nuclear
• Antitrust or Unfair Trade Practices
• Employment Practice Violation
• Securities Law Violation
CYBER LIABILITY PROGRAM
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Rev: 7/1/22
THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE,
NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1, 2022
Detail
July 1, 2022 to July 1, 2023
Claims Reporting In the event of an actual or suspected incident, Members should immediately call
Great American’s cyber claims center at 877-209-2009, or email Great American’s
cyber claims team at CyberClaim@gaig.com. Please have ready your policy
number (CYP E859556-00) available when reporting an incident or claim via
phone call or email.
Please note that the phone number above to Great American’s cyber claims
center is manned 24/7, so there is always a person who will answer your call.
Great American has redundancies in place so that if someone calls, there will
be someone at Great American’s claims operation who will answer. During after
hours, Great American’s vendor will answer the call and contact someone on the
Great American cyber claims team if it is an urgent matter.
Broker Guy Carpenter
Mike Waterman, Managing Director and Public Entity Segment Leader; Chicago, IL
Isabella Pang, Vice President; Chicago, IL
James Turner, Vice President; Philadelphia, PA
CYBER LIABILITY PROGRAM
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Rev: 7/1/22
THE ABOVE IS A SUMMARY ONLY. IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE,
NOR THE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS, SEE THE FULL CONTRACTS AND POLICIES ON FILE AT THE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1, 2022
Detail
July 1, 2022 to July 1, 2023
Covered Parties California Joint Powers Insurance Authority and participating members
Address 8081 Moody Street, La Palma, California 90623
Coverage $1,000,000 in the Aggregate Per Member, Subject to $5,000,000 Aggregate Limit
of Liability Excess of $5,000,000 Aggregate for the Policy Period
Policy #: H22CXS20703-00
Protection Period July 1, 2022 at 12:01 a.m. to July 1, 2023 at 12:01 a.m. Pacific Time
Coverage Provided by Houston Casualty Company
100% of Layer
A.M. Best Rating Houston Casualty Company
A++ (Superior)
Financial Size Category of XV ($2 Billion or greater)
California Status Houston Casualty Company – Unauthorized Insurer
Limits The insurer supports the California Joint Powers Insurance Authority’s
$1,000,000 Limit in the Aggregate for the Policy Period Per Member (including
Claims Expenses), subject to $5,000,000 in the Pool Aggregate for the Policy
Period (including Claims Expenses).
Retention $5,000,000 Aggregate for the Policy Period (including Claims Expenses)
Defense Costs and Expenses Included within the Limits and Self-Insured Retention
Coverage Follows the Great American Insurance Policy as this is a Follow Form Excess
Liability Insurance Policy
Territory Follows the Great American Insurance Policy as this is a Follow Form Excess
Liability Insurance Policy
Major Exclusions
(Refer to details in Policy)
Follows the Great American Insurance Policy as this is a Follow Form Excess
Liability Insurance Policy
Claims Reporting Follows the Great American claims reporting procedures above since this is a
Follow Form Excess Liability Insurance Policy.
Broker Guy Carpenter
Mike Waterman, Managing Director and Public Entity Segment Leader; Chicago, IL
Isabella Pang, Vice President; Chicago, IL
James Turner, Vice President; Philadelphia, PA
CYBER LIABILITY PROGRAM
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WE HAVE NO OWNERSHIP, INTEREST IN, OR CONTROL OF EITHER THE REINSURER SUBSCRIBING TO
THIS COVER OR ANY UNDERWRITING AGENT OR CORRESPONDENT INTERMEDIARY INVOLVED IN
THIS COVER, NOR HAVE WE PLACED ANY SPECIFIC RETROCESSION OF THIS COVER.
Rev: 7/1/22
Schedule of Reinsurers
July 1, 2022 to July 1, 2023
CYBER LIABILITY COVERAGE
$1,000,000 Each Claim and in the Aggregate for the Policy Period / Per Member,
Subject to $5,000,000 in the Pool Aggregate Excess of $250,000 for the Policy Period
INSURED BY GREAT AMERICAN FIDELITY
INSURANCE COMPANY
$1,000,000 Per Member/
$5,000,000 Pool Aggregate
POLICY #: CYP E859556-00
California Status:
Standard & Poor’s Rating:
Best’s Guide Rating:
Non-Admitted
A+
A+ (Superior)
Financial Size Category of XV ($2 Billion or greater)
CYBER LIABILITY COVERAGE
$1,000,000 in the Aggregate Per Member, Subject to $5,000,000 Aggregate Limit of Liability Excess of
$5,000,000 Aggregate for the Policy Period
INSURED BY HOUSTON CASUALTY COMPANY
$1,000,000 Per Member/
$5,000,000 xs $5,000,000 Pool Aggregate
POLICY #: H22CXS20703-00
California Status:
Standard & Poor’s Rating:
Best’s Guide Rating:
Non-Admitted
A+
A++ (Superior)
Financial Size Category of XV ($2 Billion or greater)