Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Cybersecurity Insurance topic
No spam. Unsubscribe anytime.
Malden council approves $6,275 cyber insurance policy after 4-3 vote
Summary
The council approved a cyber liability policy from AMWINS for $6,275 over objections from three members who raised cost and coverage concerns. The vote split 4–3 after discussion about alternative quotes and future review before renewal.
The Malden City Council voted Nov. 18 to buy a cyber liability policy from AMWINS for $6,275, approving the recommendation of City Administrator Ivone Smith.
Smith said two quotes were received and recommended AMWINS. Council Member Jones moved to accept the AMWINS quote; after discussion about costs and coverage the motion passed in a poll vote, 4–3. Council Member Joyce, Council Member Coleman and Council Member Beckett voted no; Council Members Jones, House, Downs and Jenkins voted yes.
Council Member Coleman asked that the policy be reexamined before renewal. The council did not amend the purchase at the meeting but recorded council members’ concerns about cost and alternative vendors. The administration will place the policy on future agenda materials for comparative review before next renewal.
The council’s action ensures the city will have a cyber liability policy in force; the transcript does not specify coverage limits or detailed policy terms.
