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Council approves higher insurance limits and adds cyber coverage at no additional cost
Summary
The council approved administration’s recommendation to adopt insurance option 2, raising coverage limits and adding cyber-liability protection with the presenter saying the city expects further rate reductions as limits increase. The presenter promised follow-up asset valuation and a final report to council members.
The Gulfport City Council on April 27 approved administration’s recommendation to adopt insurance option 2, which raises policy limits and adds cyber-liability coverage at no extra cost.
Mister Bordeaux, the presenter, told the council the option increases limits “from 27,500,000 to 30,000,000 and then add the new cyber liability coverage for no…
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