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Glacier County approves short-term cyber insurance from Leavitt Group for $6,990
Summary
The Glacier County Board of Commissioners voted to bind a temporary cyber insurance policy recommended by county staff and agents from Leavitt Group, approving a $6,990 premium and a $2 million coverage recommendation while awaiting a pooled product from Mako.
Glacier County commissioners voted Thursday to bind a short-term cyber insurance policy recommended by county staff and the Leavitt Group, approving a $6,990 premium and moving to secure coverage backdated to Dec. 1 if possible.
County staff told the board they had struggled for years to find affordable cyber coverage and that a review by an internal IT/security reviewer (Judd) raised a set of questions that the carrier addressed. Jake, an insurance presenter for the Leavitt Group, said Travelers — the carrier under consideration — is one of the leading cyber carriers and that the firm recommended a $2,000,000 limit as the best option for now.
Why it matters: County officials said cyber incidents, including ransomware and phishing, have grown more frequent and that having a policy and vendor monitoring in place reduces operational risk. The Leavitt Group representatives said Travelers offers system monitoring and resources to point out suspicious activity, but that some exclusions could apply if a breach resulted from improper or illegal actions by county employees.
County context and decision: Commissioners noted Glacier County uses multifactor authentication and other security controls that are prerequisites for quoting. The Leavitt Group said the policy could be backdated to Dec. 1 to bridge to a future Mako pooled product expected later; commissioners approved binding the quoted policy so the county would be insured beginning Dec. 1. Commissioner (Speaker 1) moved to approve the Leavitt Group quote for $6,990 and Speaker 3 seconded; the motion passed with the commissioners voting in favor.
Direct quotes: "Travelers is the leading carrier when it comes to cyber insurance and cyber coverage," Jake (presenter) said, describing available monitoring and response services. Commissioner (Speaker 1) moved "to approve cyber insurance coverage policy from the Leavitt Group Insurance of $6,990."
Next steps: The Leavitt Group representatives said they would bind the policy, provide the county with billing and documentation, and discuss any adjustments to limits or endorsements before an anticipated August review or when a Mako product becomes available.
Ending: The board approved the short-term policy and asked staff to keep reviewing options and to compare the Leavitt/Travelers coverage with the Mako offering when it becomes available.
