003797 - Purchase of Cyber attack insurance and resilience response

Description

Purchase of Cyber attack insurance and resilience response. The insurance cover is for both public liability indemnity cover and also response resilience. Note - This is being recorded as a Direct Award as a mechanism for completing this award, however this has been sourced competitively, using Marsh as our contracted broker. Marsh advised that this market is extremely limited and contacted 6 providers for quotes. 4 providers declined to quote due to us being a public sector industry. A combined tiered approach was recommended by Marsh with Beazley Insurance DAC and Areco Ltd.