City of Florence Resolution Network Security Liability Insurance 2025-12-03
Tokio Marine HCC Awarded $5M Florence Cyber Policy
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Description
Tokio Marine HCC was awarded the City's $5M cyber liability insurance policy for December 2025–December 2026 at an annual premium of $44,792 following a proposal by Marsh & McLennan Agency LLC. This new policy expands coverage at reduced premium costs for the City of Florence.
Contract Details
Contract Amount
$44,792
Vendor
TOKIO MARINE HCC
Agency
City of Florence, AL
Contract Type
INSURANCE
Document Date
December 3, 2025
Contract Term
December 3, 2025 - December 3, 2026
Renewal Date
2026-12-03
Renewal Info
One-year term with renewal dependent on future market proposals and City Council approval.
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