Approve Modification No. 9 to Contract No. 4400006451 with Alliant Insurance Services, Inc., in the amount of $128,075.93, for cyber security insurance broker of record services. (Technology & Operations) (Commissioner Travillion)

Staff Report & Agenda Item Details

This contract is for cyber security insurance broker of record services which include insurance consulting, marketing, negotiating, and binding coverage for cyber liability insurance.<br><br data-pasted="true">Alliant performed a comprehensive marketing strategy and, based on the results, recommended securing surplus lines coverage under the Texas insurance statutes for cyber liability insurance from Beazley Group. The compensation under the contract for cyber security insurance broker of record services must be increased in the amount of the premium for the policy period from July 24, 2026, to July 24, 2027, which is $128,075.93.<br><br><strong>Contract Information:</strong><br>Contract No.: 4400006451<br>Contractor Name: Alliant Insurance Services, Inc.<br>Contract Modification Amount: $128,075.93<br>Contract Period: June 3, 2026, to June 3, 2027 (Policy Period: July 24, 2026, to July 24, 2027)<br><br><strong>Current Contract Expenditures:</strong><strong> </strong>Within the last 12 months, $143,076.21 has been spent against this contract.<br><br><strong>Previous Contract and Modification Activity:</strong><br>See attached Contract and Modification Summary