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County authorizes higher cyber insurance premium and ransomware sublimit
Summary
The board approved an updated cyber insurance quote increasing cost by $3,688.83 and setting a $250,000 ransomware sublimit, for an annual premium of $15,468.36 from Houston Casualty Company.
Kelly Smith, Cottonwood County's director of Information Systems, notified the board that a previously obtained cyber insurance quote had expired and presented a new proposal. The updated policy carries an annual premium of $15,468.36—$3,688.83 higher than the expired quote—and includes a $250,000 ransomware sublimit. The board unanimously approved the annual premium quote from Houston Casualty Company (motion by Larry Anderson, second by Tom Appel).
No discussion of funding source or impact to county budget reserves appears in the minutes; the motion was recorded as a unanimous approval of the insurer quote and premium amount.
