Carrollton Ionwave #21-021 Addendum 1

City of Carrollton Cyber Insurance Coverage Solicitation

The City of Carrollton, Texas is seeking proposals for comprehensive cyber insurance coverage to protect municipal operations and assets. - Government Buyer: - City of Carrollton, Texas (Purchasing Department) - Contracting office located at 1945 E. Jackson Road, Carrollton, TX 75006 - Products/Services Requested: - Cyber insurance coverage with policy limit options of $3 million and $5 million - Coverage includes: - Cyber incident response - Cyber-crime (including wire fraud and fraudulent instructions) - Systems and network damage (hardware, data restoration, business interruption) - Network security and privacy liability - Media liability - Cyber ransom (ransomware) with no co-insurance and pay-on-behalf language - Regulatory fines and penalties - Vendor-related losses - Industrial control systems and SCADA coverage - TRIA (Terrorism Risk Insurance Act) coverage - Non-panel response provider - Unique or Notable Requirements: - Full prior acts coverage - Maximum 12-hour waiting period - Maximum $100,000 retention - No warranty statements required - Hammer clause with a minimum of 80% of defense costs after refusal - Market assignment process to ensure fair competition among brokers and carriers - All vendors must sign a Non-Disclosure Agreement (NDA) and submit required forms - OEMs and Vendors: - No specific OEMs or insurance carriers are named; the City will assign insurance markets to qualified respondents - Period of Performance: - Initial contract term is one year, with options to extend for up to four additional one-year periods - Place of Performance: - City of Carrollton, Texas (primary government facility and contracting office) - Carrollton City Hall Building, 1945 E. Jackson Road, Carrollton, TX 75006

Description

The City of Carrollton issued a Request for Proposal (RFP) to solicit bids from interested vendors to provide cyber insurance coverage. The City intends to assign insurance markets to respondents and have each provide cyber insurance quotes for consideration. The contract is for one year with options to extend for up to four additional one-year periods. The scope includes coverage for cyber incident response, cyber-crime, network security, media liability, ransomware, regulatory fines, and more, with requested limits of $3 million and $5 million options.

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