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County approves cyber and airport insurance renewals; commissioners warned on wire‑fraud risks
Summary
The board approved three‑year aviation coverage and renewed cyber liability insurance with a retroactive date to July 1, 2022. An insurance broker briefed commissioners on cyber exposures and urged extra verification for electronic payment changes after discussing several local fraud examples.
Commissioners approved Granite County’s cyber and airport insurance renewals after a presentation by Marsh‑brokered carriers describing limits, retroactive dates and policy features.
The county’s cyber policy — placed with Coalition per the broker — carries per‑claim and aggregate limits of $1 million with a $25,000 deductible and a retroactive date showing continuous coverage back to July 1, 2022. Coverages include network and information security liability, regulatory defense, multimedia liability, PCI fines, breach response and cyber extortion. The broker emphasized vigilance around fund‑transfer and payroll scams and described recent cases in which criminals successfully redirected payments by impersonating county officials; commissioners were advised to verify any requested change in payment routing by calling known contacts, not by replying to emailed instructions.
The county also renewed airport/aviation coverage (three‑year term recommended) including standard airport liability terms and requested inclusion of terrorism/war coverage per prior practice. The broker said the cyber renewal cost was down about $600 from the prior year.
The board made a motion to accept the cyber and aviation renewals and directed the broker to finalize documentation and provide signed copies; no coverage reductions were requested by commissioners.
