Agenda Item
i. Renewal of the District’s Excess Cyber Risk Insurance Policy (Not to Exceed $143,884)
Summary: Presented by: Mr. Glinton R. Darien, Jr., Director of Legal Affairs, Division of Legal Services
Request: It is requested that the DeKalb County Board of Education approve the renewal of the District’s Excess Cyber Risk Insurance coverage with Liberty Surplus Insurance Corporation (“Liberty”), for $143,884. This cost is an early indication of the renewal quotation. Although not anticipated, the final quotation from Liberty may decrease.
Why: The DeKalb County School District (“District”) currently has an Excess Cyber Risk Insurance Policy with Liberty. The coverage was purchased in February of 2024. That short-term policy expired on July 1, 2024; at which time it was renewed for a full year. The current insurance policy will expire on July 1, 2026. Therefore, the District must select an insurance carrier to renew this coverage for the fiscal year 2027.
After conducting research, the renewal of excess cyber insurance coverage is recommended due to continuing attempts by hackers to infiltrate computer networks of state, county, and local governmental entities. Educational entities have also been targets for cyber-attacks. Since there is a high potential for loss in this area that could impact the District’s financial position, excess insurance coverage is recommended. Research shows that there is approximately a 31% increase in cyberattacks against K-12 school systems as compared to last year.
Details: This item requests that the Board of Education approve the renewal of the District’s Excess Cyber Liability Insurance Policy with Liberty. The Alliant Property Insurance Program (“APIP”) currently provides the underlying coverage for the District’s cyber liability. Liberty has insured the District’s Cyber Liability exposure since February of 2024 when coverage was purchased to enhance the existing coverage provided as part of the District’s property insurance through APIP.
This year’s renewal premium with Liberty is $143,884. This represents a zero dollar and 0% increase over last year’s premium with Liberty which was also $143,884.
Financial impact: This is a budgeted expense within the Risk Management budget. The cost code is 100.2600.552000.00011.7490.9990.8010.080.7498. The premium amount is $143,884.
Contact: Mr. H. Eric Hilton, Chief Legal Officer, Division of Legal Services, 678. 676.0159
Mr. Glinton R. Darien, Jr., Director of Legal Affairs, Division of Legal Services, 678.676.0403
Effective: July 1, 2026
Status: Legal Approval Not Required
DEKALB COUNTY SCHOOL DISTRICT
DEKALB COUNTY SCHOOL DISTRICT
EXCESS CYBER RISK INSURANCE
RENEWAL INDICATION
July 1, 2026 to July 1, 2027
May 03, 2026
Prepared by:
Danielle Joseph, CPSR, Account Executive
Maggie Evans, Assistant Account Manager
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EPIC INSURANCE BROKERS SERVICE TEAM
SOUTHEAST GROWTH LEADER BRENNEN PARKER
DIRECT DIAL 518.937.3203
E-MAIL – BRENNEN.PARKER@EPICBROKERS.COM
ACCOUNT EXECUTIVE DANIELLE JOSEPH, CPSR
DIRECT DIAL 470.681.2612
DIRECT FAX 770.232.9202
E-MAIL – DANIELLE.JOSEPH@EPICBROKERS.COM
ACCOUNT EXECUTIVE ALEXIS HANKERSON-TOLBERT, CIC, AIAM
DIRECT DIAL 678.379.1165
E-MAIL – ALEXIS.TOLBERT@EPICBROKERS.COM
ACCOUNT EXECUTIVE LATOYA COTTON, CRM, CIC, CISR
DIRECT DIAL 678.205.5949
DIRECT FAX 678.542-2653
E-MAIL – LATOYA.COTTON@EPICBROKERS.COM
ASSISTANT ACCOUNT MANAGER MAGGIE EVANS
DIRECT DIAL 770.441.8503
E-MAIL – MAGGIE.EVANS@EPICBROKERS.COM
VICE PRESIDENT, CLAIMS MANAGER CHANTELLE PATTERSON
DIRECT DIAL 678.475.5706
DIRECT FAX 678.475.3858
E-MAIL - CHANTELLE.PATTERSON@EPICBROKERS.COM
RISK CONTROL MICHAEL NISCHAN, CDS, CCSP
SERVICE REPRESENTATIVES DIRECT DIAL 678.475.5720
MOBILE 678.938.2012
DIRECT FAX 678.475.3852
E-MAIL – MICHAEL.NISCHAN@EPICBROKERS.COM
MIKE FOLMER
DIRECT DIAL 678.242.1377
MOBILE 678.215.8024
E-MAIL – MIKE.FOLMER@EPICBROKERS.COM
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EPIC INSURANCE BROKERS SERVICE TEAM
Danielle Joseph, CPSR Alexis Hankerson-Tolbert, CIC, AIAM LaToya Cotton- Robinson, CIC, CRM,
Account Executive Account Executive CISR
Account Executive
Danielle is a seasoned commercial Alexis started off her career on the LaToya has nearly 20 years of
insurance and risk management underwriting side as a trainer and experience in the property and casualty
professional with extensive prep assistant for basics of insurance insurance industry, including nearly 7
experience in Commercial Property & for Citizens Property and Casualty in years with Resurgens Risk Management,
Casualty insurance, supporting South Florida. She then moved on to Inc. where she was responsible for
complex client portfolios across a become a General Liability servicing a book of middle market and
range of industries, including national underwriter and a right hand of the large municipal clients.
and multinational organizations. program developer to assist with In addition, she served as the OCIP
policy change implementation and (Wrap Up) Administrator for Fulton
She has been with EPIC since 2020,
retention improvement before County Capital Improvement Program,
managing a multimillion-dollar book
moving to Georgia. Shortly after DeKalb County Capital Improvement
of business and serving as a trusted
Alexis, transitioned to the agency side Program (water/ sewer infrastructure)
advisor to clients navigating
focusing solemnly on property, and City of Atlanta, Hartsfield Jackson
operational change, including
casualty, and risk management. Atlanta International Airport.
acquisitions, integrations, and
Throughout the years Alexis has
evolving risk profiles. She is She has been with the firm since 2014 .
obtained a series of executive roles
recognized for her ability to problem- At EPIC Insurance Brokers &
where she has been acknowledged for
solve in high-stakes environments, Consultants, Mrs. Robinson is
her long record of successfully guiding
balancing analytical rigor with responsible for servicing a complex
local, national and multinational
practical, client-focused solutions. book of business consisting of Public
clients with their insurance
Entity and School Systems.
Danielle’s approach emphasizes needs. Alexis's helm of visionary
proactive risk identification, coverage strategies, transformations, LaToya holds the professional
alignment, and long-term program acquisitions assistance, integrations, designations of Certified Risk Manager
stability, key elements for and radical problem solving helped (CRM), Certified Insurance Counselor
organizations operating within propelling growing companies to scale (CIC) and Certified Insurance Service
governance-driven environments. and achieve higher levels of success. Representative (CISR). Also, she holds
As a 15-year veteran in the insurance a Property & Casualty Agent License,
Danielle was named a Pinnacle Award Surplus Lines Broker License and Life &
and risk management profession,
recipient, honoring exceptional Health License.
Alexis is committed to ongoing
performance, client advocacy, and
professional development. She Ms. Cotton is currently pursuing an
leadership impact.
currently holds the following industry Associate In Risk Management (ARM).
Danielle holds a Certified Professional designations, Certified Insurance
Services Representative (CPSR) Counselor (CIC) , Associate in Account
designation, reflecting her Management (AIAM) and currently
commitment to professionalism, working on pursing her Charted
ethical service delivery, and Property Casualty Insurance
continuous development. Designation (CPCU). Alexis has been
awarded as honoree of "Women to
Danielle is currently pursuing the
Watch", and "Legacy Award" for her
Certified Insurance Counselor (CIC)
leadership, employee development
Designation.
and operational excellence.
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EPIC INSURANCE BROKERS SERVICE TEAM
Maggie Evans Brennen K. Parker Chantelle Patterson
Assistant Account Manager Southeast Growth Leader Vice President, Property & Casualty Claims
Maggie began her career in the insurance Brennen K. Parker joined the EPIC Chantelle has over 20 years of
industry in 2023 after a successful tenure Southeast Regional team in July of 2023. experience in the risk management and
in high school education as a mathematics Brennen’s current role in the enterprise as property and casualty claims industry.
teacher, where she developed strong Southeast Region Growth Leader, with a She has two additional claims specialists
analytical and problem-solving skills. Her charge to promote organic growth on her team to provide a high level of
transition into the commercial insurance throughout the entire region, is to service to and ensure all claims are
space reflects her passion for learning and orchestrate resources needed to facilitate handled in a timely manner.
adaptability in dynamic environments. client attraction, current client overall
Mrs. Patterson is a results-driven
At EPIC, Maggie plays a key role in satisfaction, and Producer recruitment.
claims leader with extensive Workers’
supporting Alexis Tolbert, Account Prior to Joining EPIC, Brennen had similar
Compensation and Third Party Liability
Executive, by assisting with day-to-day responsibilities in both regional and
claims experience.
client activities within EPIC’s Public Entity national Brokerage firms in New York,
and Scholastic Practice. She is actively South Carolina and Georgia. Brennen has Prior to joining the firm in December
involved in managing client an intimate knowledge of the brokerage 2001, Chantelle spent five years in the
communications, preparing policy needs of clients on the Property and risk management and insurance
documents, and ensuring timely service Casualty business as well Employee industry. She routinely handles and
delivery to meet client needs. Maggie’s Benefits. Creating diversity in problem manages large industrial, commercial
ability to apply her educational solving and creating complimentary and Public Entity claims exceeding $2
background to complex insurance relationships among our business divisions. million. Chantelle’s focus has been on
concepts allows her to provide exceptional Starting his career in 2000 at Liberty managing claims and minimizing risks.
support and contribute to the overall Mutual, Brennen was immediately Her experience includes Workers
success of the team. provided an opportunity of learning and Compensation, Crime, General
Her strong organizational skills, attention practical insurance needs for customers Liability, Property Damage,
to detail, and commitment to client across a broad spectrum of industry Automobile Liability, Environmental
satisfaction make her an invaluable verticals and revenue volumes. Brennen is Liability, Third-party liability and
resource within the Practice. Maggie holds a devoted husband and father – who product liability claims.
a Georgia Property and Casualty Insurance relishes the opportunities to spend time Chantelle is a graduate of Georgia
Agent’s License and continues to expand with his family while also incorporating his Southern University with a degree in
her industry knowledge through ongoing personal interests of golf, fishing and Business Management. Currently,
professional development. She is hunting to try and foster a balance in his Chantelle is pursuing the Associate in
dedicated to building long-term life. Claims (AIC) designation.
relationships and delivering solutions that
align with the unique needs of public
entities and scholastic organizations.
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EPIC INSURANCE BROKERS SERVICE TEAM
Michael Nischan, CDS, CCSP Chris Mancillas, CIH, ASP SVP, Risk Mike Folmar, CSP, CEAS
VP of Transportation & Logistics Risk Control & Safety, Southeast Region Risk Control & Safety
Control Consultant
Michael is responsible for the Chris has more than 20 years of Mike has more than 20 years of
transportation risk control practice of experience in the safety and health experience in the health and medical
EPIC’s Southeast operation. He has arena. He is responsible for the risk field. He provides mock OSHA
more than 20 years of experience in law control practice of EPIC’s Southeast inspections/ comprehensive safety audit;
enforcement, private industry region. His team of seven safety employee and management safety
management, Public Entity risk control, consultants and 3 administrators training; safety procedures/program
and consulting. provides mock OSHA inspections/ development; industrial hygiene surveys
Michael helps motor carriers achieve comprehensive safety audits; bilingual including ergonomic evaluations, air
and exceed regulatory requirements, employee and management safety monitoring, noise assessments; and
develops management and training training; safety procedures/program develops engineering controls.
programs, implements operational development; property liability Mike spent 22 years working with
controls to enhance efficiency and assessments; industrial hygiene surveys Concentra in various roles. He was
educates all members of an organization including ergonomic evaluations, air responsible for evaluating and
on compliance and security measures. monitoring, noise assessments; and rehabilitating injured workers. He then
develops engineering controls. became the At-Work Consultant for
Michael is a graduate of Lenoir-Rhyne
Prior to joining the firm in 2000, Chris Atlanta, conducting office and industrial
College, with a degree in
served five years as an OSHA ergonomic evaluations and developing
Communication. He holds two NATMI
Compliance Officer, inspecting various ADA-compliant physical agility tests. As a
certifications - Certified Director of
companies in a wide array of industries. Health and Safety Consultant, he
Safety (CDS) and Certified Cargo
He also worked for two years as a conducted industrial hygiene surveys.
Security Professional (CCSP).
Radiation and Biological Safety specialist Mike holds a Bachelor of Science degree
Michael is a NATMI instructor and for the East Carolina School of Medicine. in Sports Medicine and Exercise
provides professional certification and Chris is a Certified Industrial Hygienist, Physiology from Auburn University at
training courses for transportation an OSHA Authorized Trainer, a Certified Montgomery and a Master of Science
managers. He teaches compliance, Forklift Trainer, a Certified Fire Sprinkler degree in Occupational Health and
management, accident investigation Inspector, and a Certified Tower Climber Safety from Columbia Southern
and security principles. He has & Rescue Trainer. He is a member of University in 2007. Mike is currently
instructed more than 200 companies the American Industrial Hygiene certified by the BCSP as Certified Safety
from all over the United States Association. Professional (CSP). He is a
including insurance firms, law firms and CEAS (Certified Ergonomic Assessment
Chris is also fluent in Spanish.
motor carriers. Specialist), an OSHA Authorized Trainer.
He also holds several certifications and a
license in Sports Medicine.
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EXECUTIVE SUMMARY
Edgewood Partners Insurance Center (EPIC) is pleased to represent DeKalb County School District (DCSD) in the ongoing oversight
and placement of its cyber risk management and insurance programs. EPIC remains committed to assisting the District in protecting
sensitive information, maintaining operational continuity, and safeguarding public trust in an increasingly complex digital
environment.
Entering the 2026 renewal cycle, the cyber insurance market reflects a more mature and disciplined operating environment than in
recent years. After a period of significant volatility driven by ransomware severity and systemic losses, insurers have recalibrated
pricing, strengthened underwriting standards, and re-entered the market with improved clarity around risk differentiation. As a
result, capacity particularly in excess layers has expanded, pricing pressure has moderated, and underwriting focus has shifted
toward governance, preparedness, and demonstrable cyber controls.
DCSD’s underlying Cyber Liability coverage is provided through the APIP program, which may favorably as part of the broader
property placement. This stabilization at the primary level has positively influenced excess markets, where competition has
increased and attachment structures have become more flexible for well-managed public-sector risks.
The Excess Cyber Liability market entering 2026 is characterized by improved stability, selective competition, and a continued
emphasis on governance and preparedness. Public-sector insureds that demonstrate disciplined controls, vendor oversight, and
incident readiness remain well positioned to access capacity and sustain favorable outcomes despite persistent threat activity.
EPIC remains focused on aligning DCSD’s cyber insurance structure with these evolving market dynamics while supporting long-term
resilience and fiscal predictability.
The cyber liability marketplace entering the 2026 renewal cycle remains competitive; however, insurers continue to apply
disciplined underwriting in response to persistent loss volatility. Ransomware events, social engineering and funds transfer fraud,
third-party/vendor incidents, and the rapid emergence of artificial intelligence–related risk scenarios remain primary drivers of
underwriter scrutiny. While market capacity is available, particularly in excess layers, carriers are differentiating risks more
deliberately based on governance, control maturity, and preparedness.
Based on current market conditions and for budgeting and planning purposes only, we are reflecting flat renewal indications at the
excess layer. These indications are non-binding and subject to final underwriting review, market participation, and confirmation of
terms.
The District’s current excess cyber structure is reflected as follows:
✓ $2,000,000 excess limit of liability
✓ $0 retention at the excess layer
At this stage, we do not anticipate reductions in coverage. As the renewal process progresses, we will continue to evaluate the
marketplace for opportunities to maintain or enhance terms, where available, while preserving pricing stability and alignment with
the District’s risk profile.
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EXECUTIVE SUMMARY
Peer Benchmarking & Loss Severity Context
In addition, the majority of EPIC’s K-12 public school district clients in Georgia maintain Excess Cyber Liability insurance,
recognizing that cyber losses impacting school systems routinely extend beyond primary limits due to forensic costs,
notification obligations, regulatory response, and extended system restoration timelines.
Recent industry data further indicates that cyberattacks targeting K-12 school districts increased by approximately 30%
year-over-year, reflecting both higher attack frequency and increased exploitation of third-party, credential-based, and
social-engineering vulnerabilities. These trends continue to elevate loss severity even where strong controls are in place,
reinforcing the role of excess cyber coverage in protecting against low-frequency, high-impact events.
Loss Severity Benchmark
Cyber loss benchmarking across the education and public-sector space demonstrates that while many cyber events are
manageable within primary limits, material incidents involving ransomware, data misuse, or privileged access compromise
frequently produce cumulative costs in the multi-million-dollar range, driven by overlapping response, recovery, legal, and
regulatory requirements. Excess cyber insurance is therefore commonly structured to address severity risk, not volatility,
above underlying coverage.
Georgia Public-Entity Tiering Framework
Peer public entities in Georgia have responded by adopting formal data-classification and cyber-risk tiering frameworks that
align data sensitivity, security requirements, and cyber insurance limits. For example, peers utilize a tiered model that
distinguishes between publicly available information and increasingly sensitive data environments:
Cyber Data Environments, Loss Severity, and Limit Benchmarking:
Lower-Tier / Public
Data intended for public access or disclosure where compromise typically presents limited legal or operational impact. Loss
activity at this tier is generally confined to investigation and remediation costs and is most often absorbed within primary
cyber limits.
Confidential Data
Systems containing regulated or protected information, including student and staff personally identifiable information
governed by FERPA and related statutes. Loss events impacting this data class routinely escalate beyond initial response costs
and include regulatory notification, forensic analysis, credit monitoring, legal counsel, and extended recovery. Peer
benchmarking indicates that total loss amounts for incidents involving regulated education data frequently reach or exceed $1
million, prompting many K–12 districts to maintain combined primary and excess cyber limits of at least $5 million.
Restricted or Highly Confidential
Systems housing credentials, privileged access, vulnerability data, financial systems, or other high-risk operational assets
represent the highest severity exposure. Breach events affecting these environments often result in multi-layer loss scenarios,
including systemwide disruption, funds-transfer fraud, vendor-related liability, and prolonged operational recovery.
Documented K–12 loss experience demonstrates that incidents in this tier can generate aggregate losses in the $2 million to
$4 million+ range, reinforcing market practice favoring $5 million or higher total cyber limits, often structured through a
combination of primary and excess coverage layers.
Limit Considerations
Consistent with peer K–12 public entities, cyber insurance limits are increasingly calibrated to loss severity rather than event
frequency. Common limit structures observed in the education sector include total cyber limits of $3 million to $5 million, with
higher limit options evaluated for districts with greater data concentration, vendor dependency, or financial transaction
exposure. Excess Cyber Liability coverage is therefore maintained to provide protection against low-frequency, high-severity
cyber events that materially exceed primary policy capacity.
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EXECUTIVE SUMMARY
Why Excess Cyber Coverage Is Needed
While not every cyber incident results in a multi-million-dollar loss, loss benchmarking across the K–12 education sector
demonstrates that when incidents escalate, costs compound rapidly across multiple coverage triggers. Ransomware,
funds-transfer fraud, vendor impersonation, and credential compromise routinely generate losses that exceed primary
cyber limits when response costs, extended system restoration, regulatory obligations, and operational downtime
converge.
As cyberattacks against K–12 school districts have increased year-over-year, excess cyber insurance functions as
severity protection, not redundancy, supporting financial resilience against low-frequency, high-impact cyber events that
could otherwise create material budget disruption.
Multiple authoritative sources show sustained year-over-year growth in cyber activity targeting public entities, particularly K–
12 school districts and local governments.
K–12 and education organizations experienced an average of 4,300–4,400 cyberattacks per organization per week in 2025,
representing an increase of approximately 30%–31% year-over-year.
82% of K–12 public entities reported experiencing at least one cyber incident over an 18-month period ending in late 2024,
according to the CIS MS-ISAC analysis of more than 5,000 districts nationwide. North America saw some of the steepest
growth rates, with education-sector cyber activity increasing by 60%+ in certain regions during peak attack periods such as
back-to-school seasons.
While attack volume has increased, impact has grown faster than frequency, driven by broader data exposure, vendor
dependencies, and credential-based access.
Incident Estimated Loss /
Attack Type Impacted Entity (Public K–12) Loss Drivers
Year Payout
Compromised
credentials;
$3.2M stolen fraudulent wiring
Business Email Compromise / Funds
2026 Large public school district (U.S.) (partial recovery instructions;
Transfer Fraud
pending) construction
vendor
impersonation [
Forensics, system
rebuild, incident
Multiple U.S. K–12 districts $2.28M average
2025 Ransomware + Network Restoration response,
(aggregate data) recovery cost
operational
downtime
Extended
downtime, backup
Public K–12 school district $3.76M recovery
2024 Ransomware compromise,
(Midwest) cost
infrastructure
rebuild
Email
compromise;
$1.7M insurance
2024 Cyber Theft / Funds Diversion Public school district (Ohio) fraudulent
claim submitted
Financial
transaction
Instructional
$550K per day of disruption,
U.S. schools & colleges (sector
2023 Ransomware & Data Exposure downtime (12.6 recovery labor,
analysis)
days avg.) response
coordination [
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EXECUTIVE SUMMARY
EPIC will complete a full marketing of the District’s Excess Cyber Liability Insurance program with all viable
insurance carriers as part of the upcoming renewal process.
The information provided below reflects a summary of prior-year marketing efforts and is included for historical
and illustrative purposes only. This information will be updated, refined, and finalized upon completion of the
current renewal marketing and issuance of the final proposal.
Carrier Response
Liberty Surplus Insurance Corporation Quoted flat per expiring
(Incumbent)
AXA/ XL Declined not able to compete with current rate/terms
Zurich Declined. Not within their appetite
Resilience Declined. Requires fully completed Cyber application as well as
additional time to underwrite.
Travelers Declined. Not within their appetite.
Coalition Not Competitive. Would require at least a $500K SIR.
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EXCESS CYBER LIABILITY
COMPANY: Liberty Surplus Insurance Corporation POLICY TERM 07/01/2026 to 07/01/2027
POLICY #: Renewal of EO6DACZMUQ003 PREMIUM: $138,000 Pure Premium
$ 350 Wholesale Broker Fee
$5,534 Surplus Lines Tax (4%)
$143,884 Total Premium
Retroactive Date: Follows APIP Cyber Underlying Policy
Coverage Form: Follow Form- Claims Made & Reported
Coverage & Limits: $2,000,000 Each Member Aggregate
$2, 000,000 Policy Aggregate
Underlying Layer Insurer Limits Retention Policy Period
Insurance
Primary Beazley $2,000,000 Follows APIP Cyber 07/01/2025 to 07/01/2026
Sub- Limits (Per Member and Policy Aggregate Dedicated Limits In Excess of APIP Core
Breach Response/ Notification Expense Costs $500,000 (Non- Beazley Vendors)
$1,000,000 (Beazley Vendors)
Business Interruption resulting from a System Failure $500,000
Dependent Business Interruption resulting from a Security Breach $750,000
Cyber Extortion Loss $750,000
Data Recovery Loss $750,000
Business Interruption resulting from a Security Breach $750,000
Dependent Business Interruption resulting from a System Failure $100,000
Fraudulent Instruction $75,000
Funds Transfer Fraud $75,000
Telephone Fraud $75,000
Computer Hardware Replacement (Bricking) $200,000
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0
EXCESS CYBER LIABILITY
Sub- Limits (Per Member and Policy Aggregate Dedicated Limits In Excess of APIP Core
Invoice Manipulation $100,000
Reputation Loss $200,000
Claims Preparation Cots For Reputation Loss Claims Only NIL
Criminal Reward NIL
Cryptojacking NIL
Group 1 Sub-limits subject to Qualifiers:
• Breach Response Costs
• Business Interruption System Failure
• Business Interruption Security Breach
• DBI System Failure
• DBI Security Breach
• Cyber Extortion Loss
• Data Recovery Costs
• Computer Hardware Replacement
• Reputational Loss
-Group 1, As a condition precedent to the coverage specified in Group 1, the Insured must have satisfied the
following conditions prior to the occurrence of such incident. Claim or Loss:
a. Enforce Multifactor Authentication for all remote and privileged access
b. Close all RDP ports if not in use
c. If RDP ports are in use:
1. Restrict RDP access by IP addresses via firewall rules and only allow trusted IP addresses to access the port
2. Place all RDP services behind a VPN and protect them using Two- Factor Authentication
Group 2 Sub-limits subject to Qualifiers:
• Fraudulent Instruction
• Telephone Fraud
• Funds Transfer Fraud
• Invoice Manipulation
-Group 2, As a condition precedent to the coverage specified in Group 2, the Insured must have satisfied the
following conditions prior to the occurrence of such incident, Claim or Loss:
a. Provided formal training to employees with respect to computer crime and social engineering
b. Required multiple forms of verification for all fund transfers and all changes to client, vendor or supplier details
such as routing numbers, account numbers and phone numbers.
Endorsements & • Sanction Limitation and Exclusion Clause-1
Exclusions: • Warranty Endorsement
• Pending & Prior Litigation Endorsement
• Following Specified Sublimit- With Conditions
• Disclosure- Terrorism Risk Insurance Act
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EXCESS CYBER LIABILITY
NOTES • Quote terms, conditions, and premiums subject to change depending on
the APIP cyber program’s underlying aggregate program limit
• BI and DBI coverages subject to $750K aggregate sublimit, as per
underlying Beazley policy
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TERMS AND CONDITIONS
Coverage Policy Period Premium
Excess Cyber Liability ($2M xs $2M) 07/01/2026 to 07/01/2027 $143,884
Total $143,884
Companies/ A.M. Best’s Rating Payment Plan
Liberty Surplus Insurance Corporation/ A.M. Best Rated A (Excellent) Paid In Full Upon Binding
Financial Size Category: XV ($2 Billion Or Greater)
The cost reflected below is an early indication of the renewal quotation expected to be received June 1st . Should the final
quotation totals exceed that provided below, APIP is not bound by that which is reflected in this indication.
NOTES:
• This indication is based on the current loss experience, market conditions, increases in underwriting information and is
subject to change if this insured’s loss ratio deteriorates further and/ or if the markets suffer a catastrophic event.
• Coverage outlined in this Proposal is subject to the terms and conditions set forth in the policy.
• Please refer to the Policy for specific terms, conditions and exclusions.
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BUDGETARY ACKNOWLEDGMENT / AUTHORIZATION TO PROCEED
EPIC Insurance Brokers & Consultants
Attn: Danielle Joseph, Account Executive
2405 Satellite Boulevard, Suite 200
Duluth, GA 30096
Re: Authorization to Proceed
DeKalb County School District
Excess Cyber Liability Insurance
Dear Danielle:
I have reviewed the renewal indication presented by EPIC on May 3, 2026. Based on the information provided, I
approve the estimated budget for the insurance program and authorize EPIC to proceed with marketing and securing
final terms, subject to final review and approval.
COVERAGE POLICY PERIOD PREMIUM
EXCESS CYBER LIABILITY JULY 1, 2026 TO JULY 1, 2027 $143,884
Dr. Norman C. Sauce, III, Interim Superintendent of Schools Date
DeKalb County School District
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