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Indian River County Board of County Commissioners ::: CORE360" Public Entity Excess Liability Brit has offered a renewal premium of $151,825 which is a $1,475 decrease from expiring. Brit offered a rate agreement for in 2018 for the 2019 renewal subject various terms and conditions which the County met. The only major change to the policy was mid-term we added liability coverage for drones. Brit will continue to offer loss control funds, this is a cost sharing arrangement and they will reimburse you 50% of the total cost up to $3,000. The services have to be pre -approved in order for the County to receive a refund. As discussed during the pre -renewal the County consider signing up for the TEAM Platform which offers safety and HR trainings for your employees. Brit continues to require Johns Eastern to follow their TPA guidelines to address how they expect them to manage and communicate claims. Excess Workers Compensation The Excess Workers Compensation market continues to be limited in Florida for entities that have Police and/or Fire exposures which are subject to presumption laws. As a result many entities our forced to take spit retentions with Police/Fire retentions of $750,000 to $1 million. In 2015, we were successful in negotiating $650,000 retention for all classifications except $1 million for USL&H and Jones Act. In 2016 we negotiated on your behalf a flat rate with Safety as well as a rate agreement for 2017, 2018 and 2019. The renewal premium is $171,468; a $252 increase. Please note the payroll did go down by 5%. The renewal was not quoted flat due to an increased in exposure; adding a fourth helicopter. The helicopter was obtained in May 2018 however was not reported until this renewal. Cyber / Excess Cyber Liability In 2014 the County purchased Cyber Liability with AIG. This year AIG has offered three options: 1. Expiring limit $1,000,000 with expiring terms and conditions — renewal premium $19,100; a $343 decrease 2. Expiring limit $1,000,000 with coverage enhancements — premium $27,522 ($8,422 additional premium) 3. Limit $3,000,000 with coverage enhancements — premium $42,829 ($23,729) AIG has made the following material changes to the renewal terms and conditions: Form Option 2 & 3 Option 1 NA Network Interruption waiting hours 10 hours Network Interruption waiting hours 12 Hours 129376 Updated GDPR Endorsement — broader now includes for wrongful New form included 06/18 collection 125872 Reputation Based Income Loss Coverage Endorsement —14 day No Coverage 07/17 waiting period — Provides coverage for adverse publicity as a result of an actual or alleged security failure or privacy event - Sublimit provided equals half the Event Management 129607 Material Interruption Definition Amended Endorsement — Adds to Coverage provided only for 07/18 Network Interruption Coverage to the definition of material network interruption that is interruption a voluntary shutdown. This would be when you considered material — which voluntary or intentionally shutdown your computer system under means the interruption is the ownership, operation or control of the insured, by or at the measurable and is caused direction of the Chief Information Security Officer of the insured, after the discovery of a security failure, with reasonable belief that such shutdown would limit the loss directly by a security failure 131159 Loss Definition Amended Endorsement — provides carve back for Excludes fine and penalties 11/18 fines and penalties imposed by governmental agency arising from if uninsurable by law of the Regulatory Action, where insurable by applicable law jurisdiction 117896 Privacy Event Services Coverage endorsement (affected person Current coverage is capped 05/14 limit) = Provides coverage for notification, call centers and credit monitoring up to 1,000,000 max individuals; 100 minimum at policy limit 7