Agenda Item
ii. Renewal of the District’s Property and Cyber Liability Insurance Policy (Not to Exceed $2,922,009.28) ~ Updated 6.12.2026
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 Property and Cyber Liability Insurance coverage with Alliant Property Insurance Program (“Alliant”), for $3,263,423.84. $2,922,009.28. This cost is an early indication of the renewal quotation. Although not anticipated, the final quotation from Alliant may decrease.
Why: The DeKalb County School District (“District”) maintains Property and Cyber Liability Insurance to cover special perils to which District assets are exposed. To ensure there is no lapse in coverage, the policy must be renewed prior to July 1, 2026.
Details: This item requests that the DeKalb County Board of Education (“Board of Education”) approve the renewal of the District’s Property and Cyber Liability Insurance. As a factual backdrop, the District's property insurer for the period January 1, 2019, through January 1, 2021, was FM Global Insurance Company (“FM Global”). Notice was received in the fall of 2020 that FM Global would be imposing substantial premium increases, eliminating physical damage coverage for District vehicles, and increasing retention levels. Therefore, the District’s insurance broker, Edgewood Partners Insurance Center, Inc. (“Epic”), initiated a comprehensive remarketing of the District’s insurance program and approached insurers that have traditionally served large public school district property portfolios like the District’s portfolio. The District’s current insurer, Alliant, was included in this remarketing search. A summary of the most recent remarketing effort is contained on page 8 of the attached Property and Cyber Liability Insurance Renewal Indication, received from Epic and dated May 3, 2026, (“Indication”). Due to the current market conditions, claims submitted by the District, and an increase in the total insured value, the responses from insurance companies did not significantly differ.
As a result of Epic’s remarketing, at its December 7, 2020, meeting, the Board of Education approved the purchase of a semi-annual policy from Alliant for the period of January 1, 2021, through July 1, 2021. A semi-annual policy was purchased since the FM Global policy expired January 1, 2021, and since Alliant had a common expiration date for all members of July 1, 2021. Alliant provided substantial savings over FM Global while including additional coverages. During the negotiations, Alliant agreed to keep the property rate flat for the first eighteen months, barring any significant claims by the District or dramatic changes within the insurance industry.
Unfortunately, during the 2021 calendar year alone the insurance marketplace changed dramatically. Many insurers were no longer willing to insure public entity accounts like the District’s profile. Several reasons are given, including but not limited to, the impact of the COVID-19 pandemic, devastating winter storms, high profile cybersecurity attacks, tightening underwriting standards, and higher than expected loss developments from prior claims. In addition, mounting losses from civil unrest and wildfires on the west coast are other reasons given in response to questions of why a quote was not provided. Further, those insured entities with losses could expect to realize a rate increase more than 15%. The District, during the 2021 calendar year, experienced property losses which resulted in claims filed with its insurer.
Therefore, due to the marketplace changes that took place during the 2021 calendar year, at the June 14, 2021, meeting, the Board of Education approved the purchase of an annual insurance policy from Alliant for the period of July 1, 2021, through July 1, 2022. At its June 6, 2022, meeting, the Board of Education approved the renewal of the insurance policy with Alliant for the period of July 1, 2022, through July 1, 2023. Likewise, at its June 12, 2023, meeting, the Board of Education approved the renewal of the insurance policy with Alliant for the period of July 1, 2023, through July 1, 2024. Similarly, at its June 9, 2025, meeting, the Board of Education approved the renewal of the insurance policy with Alliant for the period of July 1, 2025, through July 1, 2026.
This agenda item seeks the renewal of the annual Property and Cyber Liability Insurance Policy with Alliant, for July 1, 2026, through July 1, 2027. The Alliant program currently provides coverage for the District’s Property, Boiler and Machinery, Cyber Liability, and Vehicle Physical Damage. Unfortunately, the outlook for the second quarter of 2026 remains challenging. Property insurance rate increases are slowing, but natural catastrophes, buildings with large footprints, and aging infrastructure, present challenges. Insurers continue to report that secondary peril, particularly severe consecutive storms, hail, and inland flooding, now represent a growing share of U.S. insured property losses. These trends are highly relevant in Georgia and across the Southeast, where non-hurricane weather events increasingly drive frequency-based losses rather than singular catastrophe events.
Financial impact: This is a budgeted expense, within the Risk Management budget. The account code from which the expense will be paid is: 100.2600.552000.00011.7490.9990.8010.080.7498.
The amount of the premium is $3,263,423.84. $2,922,009.28.
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: No Legal Approval Needed
DEKALB COUNTY SCHOOL DISTRICT
PROPERTY & CYBER LIABILITY
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
1
PROPERTY AND CASUALTY ACCOUNT 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
22
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.
3
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.
4
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.
5
EXECUTIVE SUMMARY
Edgewood Partners Insurance Center (EPIC) is pleased to represent DeKalb County School District (DCSD) in the placement and
ongoing management of its insurance programs. EPIC is committed to delivering solutions that support the District’s ability to protect
its people, facilities, and financial resources, and to sustain uninterrupted delivery of educational and related public services. As with
DCSD, EPIC measures success by how effectively we respond to our clients’ needs, and we view collaboration and responsiveness as
essential to that mission.
The U.S. insurance market entering the 2026 renewal cycle reflects a continuation of the competitive momentum that began to
emerge in late 2024. After several years of constrained capacity and pricing pressure, insurers have returned to a more balanced
posture, supported by stronger underwriting results and improved access to reinsurance capital. While underwriting discipline
remains in place, increased competition has created more favorable conditions for large public-sector risks, particularly those
structured within shared and layered placements. Record availability of capacity from existing carriers, MGAs and syndicates, as well
as a near continuous flow of new entrants, provides an ongoing opportunity for knowledgeable brokers to achieve rate reduction
and coverage improvements
During 2025, market capacity expanded materially as both domestic and international insurers sought to grow portfolios following a
period of improved profitability. Industry reports indicate that this expansion, combined with disciplined risk selection, contributed
to generally stable or improving renewal outcomes for many public entities. The most pronounced improvements continued to be
observed among insureds that experienced the most significant pricing dislocation during the prior hard-market cycle, while
single-carrier programs tended to trend more modestly, reflecting ongoing underwriting caution.
Catastrophe experience during the 2025 Atlantic hurricane season reinforced this recalibration. Global insured catastrophe losses
again exceeded historical averages; however, the majority of insurers treated the year’s loss activity as an earnings event rather than
a balance-sheet event. Losses from named storms and severe convective events were significant but broadly manageable, and did
not materially disrupt reinsurer capital or capacity. As a result, reinsurance renewals entering 2026 were completed with ample
capacity available and limited upward pressure on pricing, enabling primary insurers to maintain competitive deployment strategies.
Despite these favorable dynamics, the market remains selectively disciplined. Underwriters continue to focus on exposure quality
and loss drivers rather than market share alone. Secondary weather perils, such as hail, straight-line wind, and inland flooding, now
represent a growing portion of insured losses nationwide, leading insurers to place greater emphasis on structural resiliency and risk
controls rather than geography in isolation. In parallel, expanding technology dependence, aging infrastructure, and cybersecurity
incidents within the education sector continue to influence underwriting perspectives and portfolio management strategies.
Overall, the 2026 insurance market reflects a period of recalibration rather than contraction. Capacity is available and competition
has increased, but insurers remain focused on sustainable pricing, measured growth, and disciplined underwriting. For public
entities, outcomes continue to be shaped by how well risk characteristics align with prevailing market priorities, even as broader
conditions remain constructive.
6
EXECUTIVE SUMMARY
The insurance marketplace for public school districts entering the 2026 renewal cycle reflects a transition
from prolonged market tightening to a more competitive but still disciplined environment. Following several
years of elevated catastrophe losses, inflationary pressure, and cyber claim severity, insurers enter 2026
with stronger capital positions and improved underwriting profitability. As a result, capacity has expanded
across several property-driven coverage lines, while underwriting scrutiny remains high for exposures tied
to infrastructure condition, data security, and operational resilience.
This summary presents a 2026-relevant market narrative supported by current industry research and
quantitative indicators affecting Property, Equipment Breakdown (EB), and Cyber Liability, with all renewal
indications referenced on a planning basis and anchored to expiring Total Insured Values (TIV).
The public-entity property market entered 2026 in a measured softening phase, driven by increased global
capacity and improved carrier earnings. Industry surveys conducted in late 2025 show that average
commercial property renewals transitioned from mid-single-digit increases earlier in the hard market to flat
or declining rate movement for large shared and layered programs entering 2026.
Insurer capital strength remains a key driver. Despite global insured catastrophe losses exceeding $100
billion in 2025, these losses were absorbed without material balance-sheet deterioration, reinforcing carrier
willingness to grow property portfolios in 2026. This resilience has resulted in broader risk appetite,
increased line size offerings, and improved competition for well-managed public-sector accounts.
However, underwriting discipline remains firm. Insurers continue to report that secondary peril, particularly
severe convective storms, hail, and inland flooding. Now represent a growing share of U.S. insured property
losses. These trends are highly relevant in Georgia and across the Southeast, where non-hurricane weather
events increasingly drive frequency-based losses rather than singular catastrophe events. As a result,
carriers remain focused on facility age, roof condition, construction type, and valuation accuracy when
underwriting school districts entering the 2026 cycle.
Equipment Breakdown insurance remains stable entering 2026 but continues to grow in underwriting
importance for educational institutions. Industry research indicates the global Equipment Breakdown
market expanded steadily through 2025, reflecting increased reliance on complex mechanical and electrical
systems and higher repair and replacement costs associated with HVAC and electrical infrastructure.
Within public-entity portfolios, insurers report that a majority of EB losses stem from power-quality issues,
mechanical failures, and deferred maintenance, rather than from catastrophic events. Loss severity has
increased as facilities rely on more interconnected systems, where failure of a single component can disrupt
multiple operations. As a result, EB underwriting in 2026 emphasizes inspection frequency, maintenance
documentation, system age, and capital-planning practices.
Districts that demonstrate ongoing reinvestment in critical infrastructure continue to experience stable
pricing and predictable terms, while those with aging systems face increased underwriting scrutiny.
Equipment Breakdown remains a cost-effective coverage line, but one that increasingly reflects the
condition of underlying assets.
Cyber liability continues to represent one of the most active exposure areas for school districts entering
2026. In calendar year 2025, more than 250 ransomware attacks were publicly attributed to educational
institutions, with confirmed breaches impacting nearly 4 million individual records, reinforcing education’s
position as one of the most targeted sectors by attack volume.
From an insurance standpoint, the cyber market has stabilized relative to earlier volatility. Global cyber
insurance premium volume reached approximately $16 billion by the end of 2025, supported by expanded
insurer participation, higher underwriting standards, and improved risk segmentation entering 2026 . While
average ransom demands declined in 2025, insurers continue to report elevated claim severity associated
with business interruption, data reconstruction, and regulatory response costs.
7
EXECUTIVE SUMMARY
Underwriting expectations for K-12 districts entering the 2026 renewal cycle emphasize multi-factor authentication, endpoint
monitoring, staff training, access controls, and incident-response planning. While pricing pressure has eased for
well-controlled risks, cyber premiums and retentions remain sensitive to loss trends and control maturity, reinforcing
conservative budgeting assumptions.
All renewal indications referenced are based on expiring Total Insured Values. DeKalb County School District has completed a
comprehensive property appraisal, with updates to building and contents valuations currently under review. Industry research
confirms that valuation accuracy remains one of the most critical underwriting differentiators for public-entity property
programs entering 2026, particularly following several years of elevated loss activity and inflation-driven cost escalation. The
total insured value is $4,525,626,535.
Updated values may result in modest adjustments to reported exposure; prevailing market conditions support a stable
renewal posture. All indications are presented conservatively and for planning purposes only, recognizing that final outcomes
remain subject to underwriting review, confirmed values, and market conditions at the time of placement.
While the broader property market is showing signs of softening and we are seeing early indications that could support
reductions, we believe it is most prudent to present a conservative “do not exceed” figure at this stage. We do not anticipate
any reductions in coverage and will continue to push for improved terms where available.
We are actively engaging with both incumbent and alternative markets and have a clear understanding of current market
conditions. As discussions progress, we will continue refining these indications and updating the prior-year marketing schedule
below while advocating for the most favorable outcome on your behalf.
Carrier Response
The APIP
Liberty Mutualprogram
Insurance still is the leading program for our districtTarget
Company
rate is not something the carrier is willing to comply with. Declined risk to not
municipalities as you can see markets are not able to compete
be competitive for them in the market place.
with the rate that they are providing for indications received.
Declined; Due to older exposure and older mechanical equipment, the composition is
CNA Insurance Company
not one they can support.
Below is a synopsis of the prior marketing effort. Due to theNotcurrent market
competitive. Rateconditions
would be noas well
less thanthe competitiveness
8 cent. of the
Can not offer Cyber or
FM Global Insurance Company- incumbent
APIP packaged policy, the results would not significantly differ.
Automobile coverage.
Declined; Will only consider on an excess or layered property basis. Lowest
OneBeacon Insurance Company
attachment would be $200M.
Great American Insurance Company Maximum Capacity still remains at $50m not able to quote
Hudson Insurance Company Declined. Not able to quote risk and do not have auto exposure
Hartford Insurance Company No longer writing public entities
Travelers Insurance Company Declined. Cannot provide Cyber or Automobile Physical Damage.
Alliant Property Insurance Program (APIP) Incumbent. Quoted.
Chubb Insurance Company Declined; Not competitive with expiring rate.
Hanover Insurance Company Declined; Not a market for Public Entities
Genesis Insurance Company- Berkshire Hathaway Declined; Can only provide coverage on a reinsurance capacity not insurance.
Allianz Insurance Company Declined; Out of appetite for ACGS HPR and Corporate Property.
Midland Management Insurance Company Declined; TIV/ Limit is too large to consider
8
PROPERTY INSURANCE
Total Insured Values: $4,525,626,535
All Risk Coverages & Limits
$300,000,000 Per Occurrence: all Perils, Coverages (subject to policy exclusions) and all Named Insureds
(as defined in the policy) combined, per Declaration, regardless of the number of Named
Insureds, coverages, extensions of coverage, or perils insured, subject to the following per
occurrence and/or aggregate sublimits as noted below.
$25,000,000 Flood Limit - Per Occurrence and in the Annual Aggregate (for those Named Insured(s) that
purchase this optional dedicated coverage).
Not Covered Per Occurrence and in the Annual Aggregate for scheduled locations in Flood Zones A & V
(inclusive of all 100 year exposures). This Sub-limit does not increase the specific flood limit
of liability for those Named Insured(s) that purchase this optional dedicated coverage.
$25,000,000 Earthquake Shock - Per Occurrence and in the Annual Aggregate (for those Named
Insured(s) that purchase this optional dedicated coverage).
$100,000,000 Combined Business Interruption, Rental Income and Tuition Income (and related fees).
However, if specific values for such coverage have not been reported as part of the Named
Insured's schedule of values held on file with Alliant Insurance Services, Inc., this sub-limit
amount is limited to $500,000 per Named Insured subject to maximum of $2,500,000 Per
Occurrence, Per Declaration for Business Interruption, Rental Income and Tuition Income
combined. Coverage for power generating plants is excluded, unless otherwise specified.
$50,000,000 Extra Expense
Per Bound TIV $10,000,000 Miscellaneous Unnamed Locations for Named Insureds with total insurable
values greater than or equal to $250,000,000 at time of binding or $5,000,000
Miscellaneous Unnamed Locations for Named Insureds with total insurable values less than
$250,000,000 at time of binding excluding Earthquake coverage for Alaska and California
locations. If Flood coverage is purchased for scheduled locations, this extension will extend
to include Flood coverage for any location not situated in Flood Zones A or V.
180 Days Extended Period of Indemnity
See Policy Provisions $50,000,000, or a Named Insured's Policy Limit of Liability if less than $50,000,000,
Automatic Acquisition for 120 days except:
- $25,000,000 Automatic Acquisition for 90 days for new submember and/or entity of an
existing Pools, JPA or Group;
- $25,000,000 Automatic Acquisition for 90 days for Vacant properties;
- $10,000,000 Automatic Acquisition for 120 days for Licensed Vehicles;
- $2,500,000 Automatic Acquisition for 60 days for additional property and/or interests in
Tier 1 Wind Counties, Parishes and Independent Cities for the states of Virginia, North
Carolina, South Carolina, Georgia, Alabama, Mississippi, Louisiana, Texas and/or situated
anywhere within the states of Florida and Hawaii;
- The peril of Earthquake is excluded for the states of Alaska and California; - If Flood
coverage is purchased for all scheduled locations, this extension will extend to include Flood
coverage for any location not situated in Flood Zones A or V.
9
PROPERTY INSURANCE
Total Insured Values: $4,525,626,535
All Risk Coverages & Limits
$1,000,000 Unscheduled Landscaping, tees, sand traps, greens, athletic fields and artificial turf; however,
replacement of trees, plants and shrubs will be limited to the actual size of the destroyed
plant, tree or shrub at the time of the loss up to a maximum size of 25 gallons per item but
not to exceed $25,000 per item for existing Named Insureds excluding Earthquake coverage
for Alaska and California locations. If Flood coverage is purchased for scheduled locations,
this extension includes Flood coverage for any location not situated in Flood Zones A or V.
$5,000,000 or 110% of the scheduled values, whichever is greater, for Scheduled Landscaping, tees, sand
traps, greens, athletic fields and artificial turf; however, replacement of trees, plants and
shrubs will be limited to the actual size of the destroyed plant, tree or shrub at the time of
the loss up to a maximum size of 25 gallons per item but not to exceed $25,000 per item.
$5,000,000 or 120% of the scheduled values, whichever is less, for Scheduled Landfills (as more fully
defined in the policy).
$50,000,000 Errors & Omissions - This extension does not increase any more specific limit stated
elsewhere in this policy or Declarations.
$25,000,000 Course of Construction and Additions (including new) for projects with completed values not
exceeding the sub-limit shown. Projects valued greater than $15,000,000 require
underwriting approval and a premium charge.
$500,000 Money & Securities for named perils only as referenced within the policy, however
fraudulent impersonation, fraudulent instruction or similar events are excluded.
$2,500,000 Unscheduled Fine Arts.
$250,000 Accidental Contamination per occurrence and annual aggregate per Named Insured with
$500,000 annual aggregate for all Named Insureds per Declaration. Coverage shall not attach
or become insurance upon any property which at the time of loss is more specifically
described and covered under any other policy form until the liability of such other insurance
has first been exhausted and shall then cover only the excess of value of such property over
and above the amount payable under such other insurance, whether collectible or not.
$750,000 Unscheduled infrastructure including but not limited to tunnels, bridges, dams, catwalks
(except those not for public use), roadways, highways, streets, sidewalks, culverts, channels,
levees, dikes, berms, embankments, landfills (as more fully defined in the policy), docks,
piers, wharves, street lights, traffic signals, meters, roadway or highway fencing (including
guardrails), and all similar property unless a specific value has been declared. Unscheduled
infrastructure coverage is excluded for the peril of Earthquake and excluded for Federal
Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared
disasters, providing said declaration provides funding for repairs.
$50,000,000 Increased Cost of Construction due to the enforcement of building codes/ ordinance or law
(includes All Risk and Boiler & Machinery) except $2,500,000 for vacant properties.
$25,000,000 Transit- Physical Damage Only
10
PROPERTY INSURANCE
Total Insured Values: $4,525,626,535
All Risk Coverages & Limits
$2,500,000 Unscheduled Animals; not to exceed $50,000 per Animal, per Occurrence.
$2,500,000 Unscheduled Watercraft up to 27 feet.
Included Per Occurrence for Off Premises Vehicle Physical Damage.
$25,000,000 Off Premises Services Interruption including Extra Expense resulting from a covered peril
at non-owned/operated locations.
$5,000,000 Per Occurrence Per Named Insured subject to an Annual Aggregate of $10,000,000 for
Earthquake Shock on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment
and Fine Arts combined for all Named Insured(s) in this Declaration combined that do
not purchase optional dedicated Earthquake Shock coverage, and/or where specific
values for such items are not covered for optional dedicated Earthquake Shock coverage
as part of the Named Insured's schedule of values held on file with Alliant Insurance
Services, Inc..
$5,000,000 Per Occurrence Per Named Insured subject to an Annual Aggregate of $10,000,000 for
Flood on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts
combined for all Named Insured(s) in this Declaration combined that do not purchase
optional dedicated Flood coverage, and/or where specific values for such items are not
covered for optional dedicated Flood coverage as part of the Named Insured's schedule
of values held on file with Alliant Insurance Services, Inc..
$3,000,000 Contingent Business Interruption, Contingent Extra Expense, Contingent Rental Values
and Contingent Tuition Income separately.
$3,000,000 Tax Revenue Interruption – Per Policy Provisions. However, if specific values for such
coverage have not been reported as part of the Named Insured’s schedule of values held
on file with Alliant Insurance Services, Inc., this sub-limit amount is limited to $1,000,000
Per Occurrence – Per Policy Provisions.
$500,000 Jewelry, Furs, Precious Metals and Precious Stones Separately.
$1,000,000 Claims Preparation Expenses.
$50,000,000 Expediting Expenses
$100,000 Per Occurrence with a $1,000,000 Annual Aggregate per Declaration for Mold/Fungus
Resultant Damage as more fully defined in the policy.
$100,000,000 Ingress/Egress Per Occurrence, Per Named Insured for the actual loss sustained during
the period of time not exceeding 30 days when, as a direct result of physical loss or
damage caused by a covered peril(s) specified by this Policy and occurring at property
located within a 10 mile radius of covered property, ingress to or egress from the
covered property by this Policy is prevented.
$100,000,000 Interruption By Civil Authority Per Occurrence, Per Named Insured for the actual loss
sustained during the period of time not exceeding 30 days when, as a direct result of
physical loss or damage caused by a covered peril(s) specified by this Policy and
occurring at property located within a 10 mile radius of covered property, access to the
covered property is specifically prohibited by order of a civil authority.
11
PROPERTY INSURANCE
Total Insured Values: $4,525,626,535
All Risk Coverages & Limits
$10,000,000 Electronic Data Processing Media.
$1,000,000 Personal Property Outside of the USA (including associated Business Interruption).
Not Covered Per Occurrence Per Declaration Upgrade to Green Coverage subject to the lesser of,
the cost of upgrade, an additional 25% of the applicable limit of liability shown in the
schedule of values or this sub limit.
Not Covered for Communicable Disease.
$100,000 Per Occurrence while in Storage and In Transit coverage subject to $10,000 Deductible
for Unmanned Aircraft as more fully defined in the Policy. Not Covered while in Flight.
See Policy Provisions Scheduled Vacant Building per Conditions in Section IV., Item I
$2,500,000 Unscheduled Vacant Building per Policy Provisions Section IV., Item I
VALUATION: • Repair or Replacement Cost (RCV)
• Actual Loss Sustained for Time Element Coverages
• Contractor’s Equipment /Vehicles either Replacement Cost (RCV) or Actual Cash
Value (ACV) as declared by each insured. If not declared, valuation will default to
Actual Cash Value (ACV)
EXCLUSIONS • Seepage & Contamination
(Including but not • Cost of Clean-up for Pollution
limited to): • Mold
12
PROPERTY INSURANCE
Total Insured Values: $4,525,629,535
All Risk Coverages & Limits
“ALL RISK” $250,000; Except $1,000,000 for On Premises Vehicles Only Per Occurrence, which will
DEDUCTIBLE: apply in the event a more specific deductible is not applicable to a loss.
DEDUCTIBLES FOR Not Covered; Per Occurrence for Flood Zones A & V (inclusive of all 100 year exposures).
SPECIFIC PERILS
AND COVERAGES: $250,000; Except $2,500,000 at Panthersville Stadium Facility – 2817 Clifton Springs Road,
Decatur, GA 30034 All Flood Zones Per Occurrence excluding Flood Zones A & V.
$250,000 Earthquake Shock: If the stated deductible is a flat dollar amount, the deductible
will apply on a Per Occurrence basis, unless otherwise stated. If the stated deductible is on
a percentage basis, the deductible will apply Per Occurrence on a Per Unit basis, as defined
in the policy form, subject to the minimum deductible per occurrence.
$1,000 Per Occurrence for Specially Trained Animals.
$500,000 or the All Risk Basic Deductible, whichever is greater, for Unscheduled
infrastructure including but not limited to tunnels, bridges, dams, catwalks (except those
not for public use), roadways, highways, streets, sidewalks, culverts, channels, levees, dikes,
berms, embankments, landfills (as more fully defined in the policy), docks, piers, wharves,
street lights, traffic signals, meters, roadway or highway fencing (including guardrails), and
all similar property unless a specific value has been declared. Unscheduled infrastructure
coverage is excluded for the peril of Earthquake and excluded for Federal Emergency
Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters,
providing said declaration provides funding for repairs.
$10,000 Per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractor's
Equipment subject to $100,000 Maximum Per Occurrence, Per Named Insured for the peril
of Earthquake for Named Insured(s) who do not purchase dedicated Earthquake Limits.
$50,000 Per Occurrence Per Named Insured for this Declaration for Fine Arts for the peril of
Earthquake for Named Insured(s) who do not purchase dedicated Earthquake limits.
$10,000 Per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractor's
Equipment subject to $100,000 Maximum Per Occurrence, Per Named Insured for the peril
of Flood for Named Insured(s) who do not purchase dedicated Flood limits.
$50,000 Per Occurrence Per Named Insured for this Declaration for Fine Arts for the peril of
Flood for Named Insured(s) who do not purchase dedicated Flood limits.
2.5% of Annual Tax Revenue Value per location for Tax Revenue Interruption.
$1,000,000 Per Occurrence for Off Premises Vehicle Physical Damage. If Off-Premises
coverage is included/purchased, the stated deductible will apply to vehicle physical damage
both on and off-premises on a Per Occurrence basis, unless otherwise stated. If Off-
Premises coverage is not included, On-Premises/In-Yard coverage is subject to the All Risk
(Basic) deductible.
Replacement Cost; Vehicle Valuation Basis
13
PROPERTY INSURANCE
Total Insured Values: $4,525,626,535
All Risk Coverages & Limits
Time Qualifiers: 24 Hours Waiting Period for Ingress/Egress, per Occurrence, as further defined in the Policy
Form
24 Hour Waiting Period for interruption by Civil Authority, per Occurrence, as further
defined in the Policy Form
24 Hour Waiting Period for Off Premises Service Interruption per Occurrence, as further
defined in the Policy Form
14
PROPERTY INSURANCE
The following stand-alone coverages are provided by the APIP program but are not covered in the Limit of Liability or the Sub-Limits
of Liability above or attached to the Master Policy Form Wording. However, the coverage costs are included in the APIP Total Cost
noted below. Carriers providing these coverages are included in the Schedule of Carriers.
$100,000,000 Per Named Insured Per Occurrence subject to $200,000,000 Annual Aggregate of
Declarations 1-14, 18-30 and 32-35 combined as respects Property Damage, Business
Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary
Layer).
$250,000 Except $1,000,000 for On Premise Vehicles Only Per Occurrence Deductible for
Primary Terrorism.
$600,000,000 Per Named Insured for Terrorism (Excess Layer) subject to;
$1,100,000,000 Per Occurrence, All Named Insureds combined in Declarations 1-14, 18-21, 23-30 and
32-35 for Terrorism (Excess Layer) subject to;
$1,400,000,000 Annual Aggregate shared by all Named Insureds combined in Declarations 1-14, 18-
21, 23-30 and 32-35, as respects Property Damage, Business Interruption, Rental
Income and Extra Expense combined for Terrorism (Excess Layer).
$500,000 Per Occurrence Deductible for Excess Terrorism (Applies only if the Primary Terrorism
Limit is exhausted).
Included Information Security & Privacy Insurance with Electronic Media Liability Coverage.
See attached Cyber Coverage Summary for applicable Limits. (Cyber Liability) If,
insured purchases such coverage.
$25,000,000 Per Named Insured, Per occurrence subject to an Annual Aggregate of $50,000,000
combined for Declarations 1-14, 18-30 and 32-35 as respects Personal and Real
property for Cyber Attack Resultant Damage.
Not Covered Pollution Liability Insurance Coverage. See attached Pollution Liability Insurance
Coverage Document for applicable limits and deductibles. If, insured purchases such
coverage. If, insured purchases such coverage.
15
BOILER AND MACHINERY INSURANCE
Coverages & Limits
COVERAGE & LIMITS: $100,000,000 Boiler Explosion and Machinery Breakdown, (for those Named Insureds
that purchase this optional dedicated coverage) as respects Combined Property Damage
and Business Interruption/Extra Expense (Including Bond Revenue Interest Payments
where Values Reported and excluding Business Interruption for power generating
facilities unless otherwise specified). Limit includes loss adjustment agreement and
electronic computer or electronic data processing equipment with the following sub-
limits:
Included Jurisdictional and Inspections.
$10,000,000 Per Occurrence for Service/Utility/Off Premises Power Interruption.
Included Per Occurrence for Consequential Damage/Perishable Goods/Spoilage.
$10,000,000 Per Occurrence for Electronic Data Processing Media and Data Restoration.
$2,000,000 Per Occurrence, Per Named Insured and in the Annual Aggregate per
Declaration for Earthquake Resultant Damage for Named Insureds who purchase
Dedicated Earthquake Coverage.
$10,000,000 Per Occurrence for Hazardous Substances / Pollutants / Decontamination.
Included Per Occurrence for Machine or Apparatus used for Research, Diagnosis,
Medication, Surgical, Therapeutic, Dental or Pathological Purposes.
NEWLY ACQUIRED $25,000,000 Automatic Acquisition for Boiler & Machinery values at newly acquired
LOCATIONS: locations. Values greater than $25,000,000 or Power Generating Facilities must be
reported within 120 days and must have prior underwriting approval prior to binding.
VALUATION: Repair or Replacement except Actual Loss sustained for all Time Element Coverages
EXCLUSIONS (Including • Testing
but not limited to): • Explosion, except for steam or centrifugal explosion
• Explosion of gas or unconsumed fuel from furnace of the boiler
OBJECTS EXCLUDED: • Insulating or refractory material
(Including but not • Buried Vessels or Piping
limited to):
16
BOILER AND MACHINERY INSURANCE
Coverages & Limits
NOTICE OF 90 days except 10 days for non-payment of premium
CANCELLATION:
DEDUCTIBLES: $250,000 Except as shown for Specific Objects or Perils.
$250,000 Electronic Data Processing Media.
$250,000 Consequential Damage.
$250,000 Objects over 200 hp, 1,000 KW/KVA/Amps or Boilers over 5,000 square feet of
heating surface.
$250,000 Objects over 350 hp, 2,500 KW/KVA/Amps or Boilers over 10,000 square feet
of heating surface.
$250,000 Objects over 500 hp, 5,000 KW/KVA/Amps or Boilers over 25,000 square feet
of heating surface.
$250,000 Objects over 750 hp, 10,000 KW/KVA/Amps or Boilers over 75,000 square feet
of heating surface.
$350,000 Objects over 25,000 hp, 25,000 KW/KVA/Amps or Boilers over 250,000 square
feet of heating surface.
$10 per foot / $2,500 Minimum Deep Water Wells.
24 Hour Waiting Period Utility Interruption.
24 Hours Business Interruption/Extra Expense Except as noted below.
30 Days Business Interruption - Revenue Bond.
5 x 100% of Daily Value Business Interruption - All objects over 750 hp or 10,000
KW/KVA/Amps or 10,000 square feet heating surface.
5 x 100% of Daily Value Business interruption - All Objects at Waste Water Treatment
Facilities and All Utilities.
17
CYBER LIABILITY INSURANCE
Coverages & Limits
$2,000,000 Insured/Member Annual Aggregate Limit of Liability (subject to policy
exclusions) for each Insured/Member, within the Annual Policy and Program Aggregate
Limit of Liability and JPA/Pool Annual Aggregate Limit of Liability (Aggregate for all
coverages combined, including Claim Expenses) subject to the following limits and sub-
limits as noted.
BREACH RESPONSE
Breach Response Costs: $500,000 Aggregate Limit of Liability for each Insured/Member
(Limit is increased to $1,000,000 if Beazley Nominated Services Providers are used)
FIRST PARTY LOSS
Business Interruption and $750,000 Aggregate Limit of Liability for each Insured/Member
Dependent Business
Interruption Aggregate
Sub-Limit:
Business Interruption $750,000 Aggregate Limit of Liability for each Insured/Member
Loss Resulting from (Within the $750,000 Business Interruption and Dependent Business Interruption
Security Breach: Aggregate Sublimit)
Business Interruption $500,000 Aggregate Limit of Liability for each Insured/Member
Loss Resulting from (Within the $750,000 Business Interruption and Dependent Business Interruption
System Failure: Aggregate Sublimit)
Dependent Business Loss $750,000 Aggregate Limit of Liability for each Insured/Member
Resulting from Security (Within the $750,000 Business Interruption and Dependent Business Interruption
Breach: Aggregate Sublimit)
Dependent Business Loss $100,000 Aggregate Limit of Liability for each Insured/Member
Resulting from System (Within the $750,000 Business Interruption and Dependent Business Interruption
Failure: Aggregate Sublimit)
Cyber Extortion Loss: $750,000 Aggregate Limit of Liability for each Insured/Member
Data Recovery Costs: $750,000 Aggregate Limit of Liability for each Insured/Member
18
CYBER LIABILITY INSURANCE
Coverages & Limits
LIABILITY
Data & Network Liability: $2,000,000 Aggregate Limit of Liability for each Insured/Member for
all Damages and Claims Expenses
Regulatory Defense & $2,000,000 Aggregate Limit of Liability for each Insured/Member
Penalties:
Payment Card $2,000,000 Aggregate Limit of Liability for each Insured/Member
Liabilities & Costs:
Media Liability: $2,000,000 Aggregate Limit of Liability for each Insured/Member for
all Damages and Claims Expenses
eCRIME
Fraudulent Instruction: $75,000 Aggregate Limit of Liability for each Insured/Member
Funds Transfer Fraud: $75,000 Aggregate Limit of Liability for each Insured/Member
Telephone Fraud: $75,000 Aggregate Limit of Liability for each Insured/Member
CRIMINAL REWARD
Criminal Reward: $25,000 Aggregate Limit of Liability for each Insured/Member
COVERAGE ENDORSEMENT(S)
Reputation Loss: $200,000 Aggregate Limit of Liability for each Insured/ Member
Claims Preparation Costs $50,000 Aggregate Limit of Liability for each Insured/ Member
for Reputation Loss
Claims Only:
Computer Hardware $200,000 Aggregate Limit of Liability for each Insured/ Member
Replacement Costs:
Invoice Manipulation: $100,000 Aggregate Limit of Liability for each Insured/ Member
Cryptojacking: $50,000 Aggregate Limit of Liability for each Insured/ Member
19
CYBER LIABILITY INSURANCE
Coverages & Limits
RETENTION
$50,000 Per Claim for each Member/Insured with Total Insured Value (TIV)
up to $250,000,000 at the time of policy inception
8 Hour waiting period for Dependent/Business Interruption Loss
$100,000 Per Claim or Incident for each Insured/Member with TIV greater
than $500,000,000 at the time of policy inception
8 Hour waiting period for Dependent/Business Interruption Loss
$250,000 Per Claim for each Member/Insured with Total Insured Value (TIV)
greater than $750,000,000 at the time of policy Inception
8 Hour waiting period for Dependent/Business Interruption Loss
Policy coverage of this policy provides coverage on a claims made and reported basis; except as otherwise
provided, coverage under noted coverage schedule applies only to claims first made against the
Insured/Member and reported to underwriters during the policy period. Claims expenses shall reduce the
applicable limit of liability and are subject to the applicable retention.
This is a shared limit policy among the Named Insureds. The per Insured/Member policy limits are on a per
claim or incident for each Insured/Member basis, sub-limits listed are aggregated per Insured/Member and
are within the total Insured/Member aggregate limit. In the event of a claim/incident with multiple
Insureds/Members exhausting the program aggregate limit provided by the Insurer to Insureds/Members,
payment to all Insureds/Members for the claim/incident will be determined by the Insurer. Where coverages
are aggregated, sub-limit and limits apply to all Insureds/Members for the entire Policy Period unless
specifically stated otherwise. The policy aggregate limit is not a per Insured/Member maximum limit.
20
CYBER LIABILITY INSURANCE
Specific Coverage Provisions
A. Breach Response Breach Response indemnifies the Insured/Member for Breach Response Costs incurred
by the Insured/Member because of an actual or reasonably suspected Data Breach or
Security Breach that the Insured first discovers during the Policy Period.
B. First Party Loss Business Interruption Loss indemnifies the Insured/Member for a Business Interruption
Loss sustained as a result of a Security Breach or System Failure that the Insured first
discovers during the Policy Period.
Dependent Business Interruption Loss indemnifies the Insured/Member for a Dependent
Business Interruption Loss sustained as a result of a Security Breach or a System Failure
that the Insured first discover during the Policy Period.
Cyber Extortion Loss indemnifies the Insured/Member for a Cyber Extortion Loss incurred
as a result of an Extortion Threat first made against the Insured/Member during the
Policy Period.
Data Recovery Costs indemnifies the Insured/Member for Data Recovery Costs incurred
as a direct result of a Security Breach or System Failure that the Insured first discovers
during the Policy Period.
C. Liability Data & Network Liability pays Damages and Claims Expenses, which the Insured is legally
obligated to pay because of any Claim first made against any Insured during the Policy
Period for a Data Breach, a Security Breach, the Insured’s failure to disclose a Data
Breach or Security Breach, or failure of the Insured to comply with the part of a Privacy
Policy that specifically is related to disclosure, access or procedures related to Personally
Identifiable Information.
Regulatory Defense & Penalties pays Penalties and Claims Expenses, which the Insured is
legally obligated to pay because of a Regulatory Proceeding first made against any
Insured during the Policy Period for a Data Breach or a Security Breach.
Payment Card Liabilities & Costs indemnifies the Insured/Member for PCI Fines, Expenses
and Costs which it is legally obligated to pay because of a Claim first made against any
Insured during the Policy Period.
Media Liability pays Damages and Claims Expenses, which the Insured is legally obligated
to pay because of any Claim first made against any Insured during the Policy Period for
electronic Media Liability.
21
CYBER LIABILITY INSURANCE
Specific Coverage Provisions
D. eCrime eCrime indemnifies the Insured/Member for any direct financial loss sustained resulting
from:
• Fraudulent Instruction
• Funds Transfer Fraud
• Telephone Fraud
That the Insured first discovers during the Policy Period.
E. Criminal Reward Criminal Reward indemnifies the Insured/Member for Criminal Reward Funds.
Coverage Reputational Loss indemnifies the Insured Organization for Reputation Loss that the
Endorsement(s) Insured Organization sustains solely as a result of an Adverse Media Event that occurs
during the Policy Period, concerning: a Data Breach, Security Breach, or Extortion Threat
that the Insured first discovers during the Policy Period.
Computer Hardware Replacement Costs is part of the Extra Expense coverage, which
includes reasonable and necessary expenses incurred by the Insured Organization to
replace computers or any associated devices or equipment operated by, and either
owned by or leased to, the Insured Organization that are unable to function as intended
due to corruption or destruction of software or firmware directly resulting from a
Security Breach.
Invoice Manipulation indemnifies the Insured Organization for Direct Net Loss resulting
directly from the Insured Organization’s inability to collect Payment for any goods,
products or services after such goods, products or services have been transferred to a
third party, as a result of Invoice Manipulation that the Insured first discovers during the
Policy Period. Invoice Manipulation means the release or distribution of any fraudulent
invoice or fraudulent payment instruction to a third party as a direct result of a Security
Breach or a Data Breach.
Cryptojacking indemnifies the Insured Organization for any direct financial loss sustained
resulting from Cryptojacking that the Insured first discovers during the Policy Period.
Cryptojacking means the Unauthorized Access or Use of Computer Systems to mine for
Digital Currency that directly results in additional costs incurred by the Insured
Organization for electricity, natural gas, oil, or internet.
22
CYBER LIABILITY INSURANCE
Exclusions:
(including but not limited to)
Coverage does not apply to any claim or loss from:
• Bodily Injury or Property Damage
• Trade Practices and Antitrust
• Gathering or Distribution of Information
• Prior Known Acts & Prior Noticed Claims
• Racketeering, Benefit Plans, Employment Liability & Discrimination
• Sale or Ownership of Securities & Violation of Securities Laws
• Criminal, Intentional of Fraudulent Acts
• Patent, Software Copyright, Misappropriation of Information
• Governmental Actions
• Other Insureds & Related Enterprises
• Trading Losses, Loss of Money & Discounts
• Media-Related Exposures – Contractual liability or obligation
• Nuclear Incident
• Radioactive Contamination
• Tribal Exclusion Endorsement
• Sanctions Limitation
• War and Cyber War Exclusion with Single Entity Carve Back
• Asbestos, Pollution and Contamination
• Tribal Exclusion Endorsement
• First Party Loss – with respects:
1. seizure, nationalization, confiscation, or destruction of property or data by order of any governmental or
public authority;
2. costs or expenses incurred by the Insured to identify or remediate software program errors or vulnerabilities
or update, replace, restore, assemble, reproduce, recollect or enhance data or Computer Systems to a level
beyond that which existed prior to a Security Breach, System Failure, Dependent Security Breach, Dependent
System Failure or Extortion Threat;
3. failure or malfunction of satellites or of power, utility, mechanical or telecommunications (including internet)
infrastructure or services that are not under the Insured Organization’s direct operational control; or
4. fire, flood, earthquake, volcanic eruption, explosion, lightning, wind, hail, tidal wave, landslide, act of God or
other physical event.
• Website Tracking Exclusion specific to hospitals as defined by: Hospitals defined as institutions that comprise all the
following: A health facility with overall administrative and professional responsibility and an organized medical staff
that provides 24-Hour inpatient care, including the following services: Medical, nursing, surgical, anesthesia,
laboratory, pharmacy, and dietary services.
23
TERMS AND CONDITIONS
Terms & Conditions: Sub-limits, terms and conditions are subject to change.
25% Minimum Earned Premium and cancellations subject to 10%
penalty
Except Cyber Liability Premium is calculated on a pro-rata basis,
unless there is a claim in which case the premium is deemed fully
earned. If, insured purchases such coverage.
Except Pollution Liability Premium is 100% Earned at Inception, unless
there is a claim in which premium is deemed fully earned. If, insured
purchases such coverage.
Notice of Cancellation: 90 Days except 10 Days for non-payment of premium
The cost reflected below is an early indication of the renewal quotation expected to be received from APIP on June 1st .
Should the final quotation totals exceed that provided below, APIP is not bound by that which is reflected in this indication.
July 1, 2026 to July 1, 2027
Expiring Rate/ TIV* May 3, 2026 Indication
Property Premium: $2,884,243.00 $2,884,243.00
Excess Boiler: $55,958.00 $55,958.00
Cyber Liability: $130,855.00 $130,855.00
Pollution Liability: $44,790.00 $44,790.00
ABS Fee: $22,944.00 $22,944.00
Surplus Lines Tax 4%: $124,633.84 $124,633.84
Total Costs: $3,263,423.84 $3,263,423.84
Total Insurable Values (TIV)
: $4,391,175,295 $4,525,626,535
NOTES:
• Please note TIV, limits, sub-limits, terms and conditions will change, as negotiations are ongoing. Changes will be documented and
accompany the Binder Confirmation for July 1, 2026, bound terms. Coverage outlined in this Proposal is subject to the terms and
conditions being negotiated with the policy. To be finalized and presented at Program Inception.
• The program expects to continue purchasing Cyber Resultant Physical Damage cover which is provided to insureds purchasing Terrorism
within the program – limits to be determined. See expiring Policy No. APIP2025 for current coverage details.
• This indication is based on the current loss experience and is subject to change if this insured’s loss ratio deteriorates further and/or if the
markets suffer a catastrophic event
• Change in Total Insurable Values will result in adjustment in premium.
• Each line of coverage is rated separately. Increases in TIV’s on highly rated coverages such as Vehicles, CE, EQ or 100 year Flood Zones,
etc. may increase the insured’s average account rate
• The flood zones provided on the Schedule of Values (SOVs) are for rating purposes only. The actual flood zone will be determined at the
time of loss.
• Please refer to invoice for new lock box remittance for address and account information.
24
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
Property & Cyber Liability
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
COMMERCIAL PROPERTY & CYBER LIABILITY
JULY 1, 2026 TO JULY 1, 2027 $3,263,423.84
TOTAL INSURED VALUE (TIV) $4,525,626,535
Dr. Norman C. Sauce, III, Interim Superintendent of Schools Date
DeKalb County School District
2
25
5