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| ORIGINATING DEPARTMENT: |
COUNCIL GOAL: |
| City Manager |
High Performing City Organization: Financially Sound, Providing Service Value |
| LEGAL: |
| No Review Required |
| SUBJECT: |
| Consider motion to approve the renewal of the crime policy with Travelers Casualty and Surety Company for the policy years July 16, 2020 through July 15, 2022, with an annual premium amount of $5,916. |
| EXECUTIVE SUMMARY: |
| The crime policy renewal recommends adding a social engineering limit of $250,000. Between the crime and cyber policies this change provides a total social engineering limit of $500,000. |
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FISCAL IMPACT:
Yes |
| The total annual premium amount for the two-year policy term is $5,916, an increase of $1,085 due to adding the social engineering limit. |
| CITY MANAGER'S RECOMMENDATIONS: |
| Approve the renewal of the crime policy with Travelers Casualty and Surety Company for the policy years July 16, 2020 through July 15, 2022, with an annual premium amount of $5,916. |
| PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S): |
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| ATTACHMENTS: |
| Click to download |
| No Attachments Available |
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