Last year, the CIS Board approved hiring a Cyber Risk Management Consultant to help Members prevent cyberattacks. So far, the investment is paying off with fewer cyber claims in 2022. This has led to no premium increases for CIS’ first two tiers of coverage and a 5% increase for Tier 3.
Members who have cyber coverage through CIS receive free cyber security consulting from CIS’ in-house IT expert. CIS’ coverage is tailored to counties, and often better than what can be secured from the for-profit insurance market.
To encourage CIS Members to sign up, CIS has reduced the eligibility requirements from last year so more Members can qualify. When counties have CIS cyber coverage, they receive free dark web monitoring, a cyber risk management expert to assist counties, and much more. CIS cyber coverage is reasonably priced, and unlike the cyber insurance market, CIS contributions are stable because they can self-insure the first $250,000 in limits.
Here’s what else counties need to know:
Tier 1: $50,000 Limit — No Applications Needed. The CIS Board wants to ensure every Oregon county has a minimum level of cyber coverage. The contribution is very reasonable, and we encourage Members to work with their Agents to place this coverage with CIS.
Tier 2: $250,000 Limit ($200,000 excess of $50,000) — Application Required. To help counties obtain this coverage, CIS has reduced the minimum requirements to:
- Having a cyber security policy
- Strong passwords
- Offsite backups
- Training employees
- Having CIS Property and Excess Crime coverage (Required)
Tier 3: Up to $1,250,000 Limit (up to $1M excess of $250,000) — Qualifying for Tier 2 can also qualify for Tier 3. Tier 3 is a fully insured program. Keep in mind that this excess coverage program is in addition to the $250,000 limit.
For additional information contact Greg Hardin at 503-763-3889. To download and complete an application, visit cisoregon.org/PropertyLiability/Cyber. Counties can also contact Tena Purdy at tpurdy@cisoregon.org or Karen Masterson at kmasterson@cisoregon.org for more information.
Contributed by: Bill LaMarche | CIS Public and Member Relations Manager
*Sponsored content provided by AOC Business Partner.