Cyber Liability Insurance Services

The Vendor is required to provide for state business cyber liability insurance.
- Shall ensure that the Insurance Company(s) does not make any rate or composite rate by endorsement during the policy year.
- Shall ensure that the Insurance Company(s) provides insurance coverage on a group master policy(s) in which additional Participating Governmental Entities can be added to the policy at the current composite rate on a pro-rated basis.
- Shall provide evidence of insurance agents’ and brokers’ errors and omissions insurance with a minimum limit of $10,000,000.00 per occurrence.
- Shall review policies for accuracy and correctness in advance of policy issue and delivery to minimize the need for corrections by endorsement.
- Must include the following:
•    Schedule of coverage for the confirmation binder.
•    Renewal quotation confirmation offers.
•    Premium and rate worksheet.
•    Insurance company claims loss history report for the prior policy years.
•    Recommendations for coverage changes for the next policy year.
- Shall ensure that the Insurance Company(s) provides all claim management for all cyber incidents and events, including claims incurred and reported within the Insured’s aggregate retention and per occurrence deductible.
- All payments made by the Contractor and Insurance Company(s) for breach costs to the Preapproved Provider Cyber Response Panel contractors within the Insured’s aggregate retention and per occurrence deductible including but not limited to privacy event counsel, computer forensics, data breach response, public relations, notification expenses, credit monitoring expenses, forensic accounting and claims preparation costs must apply to the Insured’s aggregate retention and per occurrence deductible regardless of the rates, scope of work, and number of hours.